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There are no strong drivers to move the VanEck Vectors Russia ETF (RSX) considerably higher in the near term.
Instrument
The VanEck Vectors® Russia ETF,a fund that offers exposure to equities from Russia, which includes publicly traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia. Russian energy companies form 40% of the RSX's portfolio, and they are, in turn, mainly represented by oil companies.