Page 88 - RusRPTApr21

market is unable to directly benefit from the higher oil price environment, and the level of uncertainty is high due to foreign policy challenges and the renewed preference of the private sector for accumulating foreign assets. Meanwhile, we reiterate our call that Russia's relatively strong state finances should allow Russian assets to weather the current global market volatility better than its EM/commodity peers.
88 RUSSIA Country Report April 2021 www.intellinews.com