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Let alone the complicated predictability of Putin's foreign policy, probable introduction of new US sanctions (DASKA) against Russia are among the key risks associated with the Russian stock market. Among the key items of the sanctions, there is a ban on deals with Russia's new government bonds and restrictions on participation in projects of Russian energy companies.
Of course, I don't have access to insider information in the White House and I don't know whether Trump ultimately intends to impose these sanctions. But judging by indirect evidence, one can say that this risk has now