Crude oil and natural gas are two of the largest natural resource exports of Russia. As crude oil prices have plunged bt over 40% in the past few months Russia’s economy is adversely impacted. The graphic below shows the importance of energy to the Russian economy: Click to enlarge Source: Euromonitor
The stock market capitalization of the Russian is small compared to the U.S. market. The total market cap of the US market is in the Trillions of dollars while the Russian market is just a couple of hundred billion dollars. Back in January The Economist published the following graph showing the market caps of select …
Continue reading ‘A Note On The Market Capitalization Of Russian Stock Market’ »
The S&P 500 is up by just over 9.0% year-to-date. The MICEX Index, the benchmark of the Russian equity market is basically flat year-to-date. One of the indices on the Moscow Stock Exchange is the Blue Chip Index. Here is the description of the index from the exchange site: Moscow Exchange Blue Chip Index is an indicator of the …
Continue reading ‘A Review of the Russian Blue Chip Index’ »
The U.S.and other Western countries have imposed a wave of trade sanctions against Russia in the past few months. The goal of these sanctions is to weaken the Russian economy.However since Russia is very rich in all types of natural resources it remains to be seen if these sanctions have any impact in the coming …
Continue reading ‘A Brief Review of Trade Between US and Russia’ »
The European Union is the largest partner of Russia. The EU is largely dependent on Russia for natural gas, oil and related materials as shown in the chart below. In terms of exports of Russia, the EU exports a lot of machinery,equipment , autos and other goods. Trade between the EU and Russia has rises …