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Over the last two days, the VanEck Vectors Russia ETF (NYSEARCA:RSX) (a fund that offers exposure to equities from Russia) has been consolidating around $23.5, reflecting the attempts of the Russian stock market to reach a new high. Let's evaluate whether it is a good idea to buy now.
According to the final data in Q1, Russia’s GDP grew by 0.5% YoY, showing the worst result of the last four quarters:
But the dynamics of forecasts are even worse than these figures. Thus, in June, the Central Bank of the Russian Federation lowered