Russia is preparing for a trade war with the United States
And not only songs about the sanctions imposed by the USA against Russia. The head of the Government of the Russian Federation Dmitry Medvedev has managed to hold the verbal intervention on the new package of possible sanctions against Russia, which was initiated by congressmen in Washington, stating on his own behalf, having approved a new package of sanctions, the White house practically declared Russia’s “full-fledged trade war,” as they say and not stopping there, Mr President immediately gave up a promising forecast that Russia will likely no longer expect the improvement of relations between Russia and the United States, not even paying attention to the fact that on behalf of the President of the United States Donald trump to the President of the Russian Federation Putin this week was handed a letter the contents of which we don’t know yet, but I can imagine that talk of new sanctions in the letter no.
The main news for most investors, these events probably did not, but the degree of nervousness increases at least on the domestic currency market in Russia, where the Russian national currency depreciates with significant acceleration and target levels of the movement in the trend growth of the us dollar against the Russian rouble clearly has shifted toward risk of global investors from Russian assets.
In America yesterday was quite a normal correction on the background of steady growth of the old days and little to stand in place – this is normal.
Oil on the commodity market have decreased in the current week that the Russian financial market is not good news.
Within August, we probably will see a few surprises, but it’s too late.
The focus of investors the situation with the Turkish Lira, which is extremely greatly decreased, and the yield on 5 and 10-year government bonds rose to the level of 20% – 25%.
Markets sector in developing countries is not yet a fever, but before the end of the month there is still time.
Head of analytical Department,
“International financial center”