Macro: Risk of new US sanctions, but only muted RUB response
There have been reports that Russia offered bounties on US troops, which might have an impact for Russian asset prices and the local currency.Risks are asymmetric and past shocks have shown that sanction risk can lead to significant price action; however, we believe that the next sanction shock will have a muted impact
We stick to our forecast of USD/RUB 69 for the end of September, but we expect temporary increased volatility due to the newsflow regarding US sanctions.
This Research was produced and first published by Raiffeisen Bank International AG which is supervised by the Austrian Financial Market Authority and the National Bank of Austria.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.