RIA Novosti/Sergey Kuznecov / RIA Novosti
CNBC: How Trump is affecting Russian stocks
For Russian traders, the election of Donald Trump has been greeted as a mixed bag — it's been great news for stock prices and for the ruble currency, but it could spell harm for Russia's economic prospects over the longer term.
The outspoken Republican's victory has led many in the United States to assume that, based on Trump's warm comments about President Vladimir Putin during the campaign, relations between the two nations will improve. The theory goes that with Trump in the White House, sanctions put in place in 2014 after Moscow's aggression toward Ukraine will be eased, and that the nomination of Rex Tillerson as secretary of state will benefit a country that in 2013 gave the Exxon Mobil Corp chief executive its Order of Friendship award.
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WNU Editor: As I had mentioned in a post a few weeks ago .... The Russian Stock Market Is Booming (December 8, 2016) .... the Russian stock market was already booming before Donald Trump won the Presidential election. But his victory and willingness to work with Moscow has certainly propelled the Russian markets to levels that they have not seen in a long time.
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