Bloomberg Called Russian Stock Market Europe's Best

According to Bloomberg Russian stock market was Europe's best last month as the rouble rose and reserves stabilized.

The Micex equity index climbed 6.6 percent in February as the world’s second-biggest oil producer stopped speculators from driving down the ruble and depleting its $382 billion of foreign exchange reserves.

While Russia’s government said the economy will contract for the first time in a decade and currency reserves are down 36 percent from August, the nation’s relative strength is raising Prime Minister Vladimir Putin's influence over former Soviet states.

Russia is “still better off than others, mostly because of the reserves,” said Beat Siegenthaler, chief emerging-markets strategist in London for TD Securities Ltd.


It’s the perfect time for Russia to flex its muscles.






Nat Lawyer