OGZPY - RSX: What The OPEC Price War May Mean For Russian Equities

Last November, I covered the Russian equity market in "RSX: Bullish Economic Backdrop In Russia Looks Even Better." The VanEck Russia ETF (RSX) had decent performance over the preceding two months but reversed all gains on Monday falling a staggering 17.5%. Similar losses were seen in the small-cap Russia ETF (RSXJ) which fell about 18%.

This came after years of strong economic and financial performance from Russia. The Russian economy was in a prolonged recession until about 2016 due to the oil-price collapse and Crimea-related economic sanctions but

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