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May 31, 2019 www.intellinews.com I Page 3
"Risks are skewed to the downside, as Russian economic growth may disappoint, while Russia risk levels appear close to fair value, or even perhaps too low already," said Slava Smolyaninov, chief strategist at BCS Global Markets, as cited by Reuters.
"Geopolitics may make things worse rapidly, including the possible introduction of sanctions against sovereign debt. A US-China trade war would increase risks of global recession, making global equity case negative," Smolyaninov said.
Russian lawmakers mull ban on foreign taxi aggregators
taxi aggregators in Russia include Gett and Bolt.
December," BCS Global Markets reminded on
May 28. Reportedly, the deputies suggested allowing only
"Russian companies" to provide taxi services
via a legal entity form and not "individual entrepreneurs", allowing only drivers with Russian citizenship to work in taxis, and suggest a price calculation methodology for each region.
"The discussions are related to the taxi draft law which is aimed at bringing some order to the taxi market, and was approved in the first reading in
"The suggestions are surprising, as they would harm the market and Yandex.Taxi, and, apparently, are yet to be discussed in work groups. Hence we are not concerned yet," BCS GM believes. Moskvi- chev told RIA that he would expect 3-4 work group meetings between government and businesses before the amendments are passed to the State Duma for discussion. Yandex.Taxi and other market representatives are part of the working group.