Research

Research Anton EvdokimovNovember 28, 2019 0

Russian equities: fat-tire bike for riding the bumpy road of the global equity market

Three types of road representing the global equity market Imagine the various possible movements of the global equity market as types of road. * Options with low carbon footprint Let’s…Continue Reading →

Research

Second round of Skripal case related sanctions from the US: small and late

On 1 August 2019, the US imposed new sanctions against Russia. It was the 54th time that new sanctions from…

Research

Why Russian equities outperformed emerging markets in H1 2019?

The MSCI Russia 10/40 Net Return index has risen by 27% over the first half of the year in US…

Research tkbipApril 10, 2019 0

Russian equities: slow growth means higher yields

The consensus view is that Russia is not a growth story. We fully agree. Over the next three years, we expect annual sustainable free cash flow growth to be close…Continue Reading →

Research

First lifting of sanctions: Rusal, En+ and EuroSibEnergo are no longer in the US special designated nationals list

On the 27 January the US Treasury Department excluded Rusal, En+ and EuroSibEnergo (ESE) from the special designated nationals (SDN)…

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