Rogers: Russia in the coming year will be a great investment
Ksenia Naka. Russia in the coming year will be " an outstanding investment, according to a famous financier and investor Jim Rogers.
" It is not pessimistic to look at all the intensively developing countries. In the Russian Federation because of lower oil prices fell ruble. However, it has huge accumulation of foreign exchange and the high possibility of external payments. I don't think that low oil Prices will last a long time. Most likely, in the coming year, Russia will be a great investment - such opinion was expressed by the financier Japanese newspaper.
Jim Rogers is one of the most famous financiers and investors in the world, in the past one of the companions and friends of George Soros. About 2 years ago I started to invest in the market of the Russian Federation. For example, he received a large stake in Russian fertilizer producer PhosAgro and in September joined the Board of Directors.
Russia was faced with the punishment of the West decline in Ukraine, in response imposed food embargo contributed to the rise in prices of products. Oil prices are the main source of replenishment of the budget since the summer has declined by almost 2 times, And the ruble exchange rate from November to beat the daily record.
most economists predict that the situation in the Russian economy will soon remind the years 2008-2009. And the head of the Russian Federation centuries Putin during the annual press conference admitted that Russia may take two years to withdraw from a fall.
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