“Foreigners Flee from Russia”

The Bank of Russia published on Wednesday new data on the nominal volume of federal loan bonds (OFZs) owned by non-residents and the share of non-residents on the market.

As of July 1, 2018, the volume of the OFZ market amounted to 7,033 trillion rubles. This is a record figure from 2012. Non-residents had bonds with a face value of 1.982 trillion rubles, their share was 28.2%. And this is the lowest figure since April last year.

The share of non-residents reached the maximum size (34.5%) on April 1 of this year. In the ownership of foreign investors there were bonds with a nominal volume of 2.351 trillion rubles. Thus, from April 1 to July 1, non-residents sold OFZs for 369 billion rubles. (about $ 6 billion). But on April 6, the US imposed sanctions on another group of Russian businessmen and companies. Under the restrictive measures were, in particular, Oleg Deripaska and his assets “Rusal” and En +, as well as Viktor Vekselberg and his holding company “Renova”.

This step by the US authorities triggered the start of mass withdrawal of foreigners from the Russian debt and stock market. In addition, the ruble lost almost 9% against the dollar. The Russian currency could not resist even in the situation when oil quotes hold above $ 70 per barrel.

In recent months, the stock market has been living by the expectations of new sanctions. During periods of weakening of negative rhetoric from Washington, the Mossbirge index takes new heights, but then there is a significant correction

Investors had high hopes for the meeting of Donald Trump and Vladimir Putin, but all the positive statements made by the leaders of the United States and Russia after the talks were subsequently disavowed by the American side.

“Last week was one of the most unsuccessful for the Russian stock market over the past couple of months. The MICEX index fell immediately by 4.2% to 2,247.82 points after the update of the historical maximum of 2379 points a week earlier. In fact, the growth of the Russian market was a partial advance on the eve of negotiations between Trump and Putin, disappointment from which changed the mood in the market. All the positive statements by Trump have been reversed in a day, which is becoming a tradition, “says Vladimir Vedeneev, head of investment management at Raiffeisen Capital.

Then news came from Washington about the new sanctions against the Russian Federation, which further exacerbated the situation on the Russian stock market, he said.

Fears that the United States will impose new sanctions on Russia, more and more. The head of the White House, Donald Trump, said that, in his opinion, the Kremlin is ready to intervene in the forthcoming elections this year to the House of Representatives and the US Senate on the side of the Democrats.

“I am very concerned that Russia will make every effort to influence the upcoming elections. Since no other president as I show such rigidity towards Russia, they will do their best to push the Democrats. They do not exactly want Trump! “, He wrote on twitter on June 24.

“Everything spoke in favor of continuing the rebound of ruble assets in value after losses suffered last week, until yesterday, Donald Trump decided to write on Twitter,” – said analyst “Alor Broker” Alexei Antonov.

After this statement, the dollar and euro rates jumped almost to ruble, and trading on the exchange on Wednesday opened with a new fall.

The problems were added by American senators Lindsey Graham and Bob Menendez. They announced that they will submit a bipartisan bill on strengthening sanctions against Russia, which will be aimed at the national debt, as well as energy and financial sectors, reports Bloomberg.

“In the coming days we will submit a comprehensive bill to ensure the introduction of mandatory sanctions within the framework of CAATSA (the law” On Countering America’s Opponents through Sanctions “-” Gazeta.Ru “), while imposing additional sanctions to ensure maximum influence on the Kremlin’s campaign against our democracy and against the rule-based world order, “the senators said in a joint statement.

As noted by Bloomberg, Senators Marco Rubio and Chris Van Hollen insist on voting on a separate bill that will impose sanctions, including on debt transactions, for countries interfering in elections.

At 15:00 Moscow time on July 25, the dollar was worth 62.9 rubles, the euro – 73.6 rubles. The Mosbirzhi index fell by 0.05% to 2277 points. The market is not much helped by the positive news about the growth in oil prices and that “Rusal” has submitted to the US Treasury a plan to lift sanctions. The head of the department, Stephen Mnuchin, stated that the US authorities do not have the goal to get the company out of the market.

It is worth noting that all these sanctions problems are superimposed on the general trend of strengthening the dollar and increasing the yield of US assets. This is due to the normalization of monetary policy by the US Federal Reserve System, which raises its rates. Outflow of investors’ funds is experienced by all countries with emerging markets.

If new restrictive measures are introduced, then the flight from the Russian market will intensify, which means that under pressure there will be a ruble. The nearest goal in this case is 65 rubles per dollar. If oil quotes fall, then we can wait for a dollar and 70 rubles each.



  • generic viagra cialis levitra Reply

    26 January 2021 at 11:17

    generic viagra cialis levitra https://cialis.adicbc.com/

  • best headache med Reply

    14 February 2021 at 14:58

    Thanks for your thoughts. One thing I’ve got noticed is the fact banks in addition to financial institutions understand the spending behaviors of consumers and as well understand that the majority of people max outside their cards around the breaks. They smartly take advantage of that fact and then start flooding ones inbox in addition to snail-mail box having hundreds of no interest APR credit cards offers shortly after the holiday season closes. Knowing that for anyone who is like 98% in the American general public, you’ll soar at the one opportunity to consolidate consumer credit card debt and switch balances towards 0 interest rate credit cards. nmmlkno https://headachemedi.com – best headache med

  • hyperactive thyroid treatment Reply

    15 February 2021 at 03:17

    Thanks for your thoughts. One thing I’ve got noticed is the fact banks in addition to financial institutions understand the spending behaviors of consumers and as well understand that the majority of people max out and about their real credit cards around the breaks. They smartly take advantage of that fact and commence flooding ones inbox in addition to snail-mail box having hundreds of no-interest APR credit cards offers shortly after the holiday season concludes. Knowing that for anyone who is like 98% of American community, you’ll soar at the opportunity to consolidate personal credit card debt and move balances for 0 interest rates credit cards. gffffhk https://thyroidmedi.com – thyroid meds for sale

  • stomach pain meds Reply

    15 February 2021 at 20:09

    Thanks for your ideas. One thing I have noticed is that banks and financial institutions know the spending habits of consumers and understand that most people max out their credit cards around the holidays. They wisely take advantage of this fact and start flooding your inbox and snail-mail box with hundreds of 0 APR credit card offers soon after the holiday season ends. Knowing that if you are like 98% of the American public, you’ll jump at the chance to consolidate credit card debt and transfer balances to 0 APR credit cards. aaaaaaa https://stomachmedi.com – stomach pain meds

  • generic stomach medicine Reply

    16 February 2021 at 14:40

    Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions are aware of the spending practices of consumers while also understand that most of the people max out and about their real credit cards around the getaways. They properly take advantage of this specific fact and begin flooding the inbox and also snail-mail box together with hundreds of Zero APR card offers immediately after the holiday season comes to an end. Knowing that in case you are like 98% of all American open public, you’ll hop at the possiblity to consolidate personal credit card debt and move balances for 0 interest rates credit cards. hhhggil https://pancreasmedi.com – over counter medicine for stomach pain

  • chloroquine generic Reply

    16 February 2021 at 22:56

    chloroquina chloroquine phosphate aralen anti-malaria drug chloroquine

  • hidroxicloroquina Reply

    17 February 2021 at 02:16

    is hydroxychloroquine the same as quinine coronavirus treatment news hydrochloquin

  • medication for kidney failure Reply

    17 February 2021 at 13:10

    As a Newbie, I am continuously exploring online for articles that can be of assistance to me. Thank you

  • side effects to plaquenil Reply

    21 February 2021 at 15:55

    can erectile dysfunction come on suddenly side effects for plaquenil erectile reflex

  • buy impotence medications Reply

    22 February 2021 at 01:50

    Today, with all the fast life style that everyone is having, credit cards have a big demand throughout the economy. Persons coming from every area of life are using credit card and people who aren’t using the credit cards have made up their minds to apply for even one. Thanks for expressing your ideas about credit cards. https://impotencemedi.com buy impotence medications

  • generic hair loss medication Reply

    22 February 2021 at 08:04

    Hello. fantastic job. I did not expect this. This is a great story. Thanks! https://hairlossbimedi.com generic hair loss medication

  • buy Arthritis drugs Reply

    22 February 2021 at 16:36

    Awsome article and right to the point. I don’t know if this is truly the best place to ask but do you people have any ideea where to employ some professional writers? Thx 🙂 https://arthritismedi.com buy Arthritis drugs

  • inhaled asthma drugs Reply

    22 February 2021 at 19:20

    You got a very wonderful website, Sword lily I noticed it through google. https://asthmamedi.com inhaled asthma drugs

  • buy rheumatoid arthritis meds Reply

    23 February 2021 at 16:04

    fantastic publish, very informative. I’m wondering why the opposite specialists of this sector don’t understand this. You must proceed your writing. I’m confident, you’ve a great readers’ base already! https://rheumatoidarthritismed.com buy rheumatoid arthritis meds

  • medication for Hypothyroidism Reply

    24 February 2021 at 08:35

    Hello there, just became aware of your blog through Google, and found that it is really informative. I’m gonna watch out for brussels. I will appreciate if you continue this in future. A lot of people will be benefited from your writing. Cheers! https://hypothyroidismmed.com/ medication for Hypothyroidism

  • osteoporosis medications Reply

    24 February 2021 at 18:48

    I realized more something totally new on this fat loss issue. 1 issue is that good nutrition is very vital whenever dieting. An enormous reduction in junk food, sugary food items, fried foods, sugary foods, beef, and whitened flour products could be necessary. Keeping wastes parasitic organisms, and toxic compounds may prevent targets for fat loss. While specific drugs in the short term solve the situation, the awful side effects usually are not worth it, and so they never offer you more than a momentary solution. This is a known undeniable fact that 95% of dietary fads fail. Thank you for sharing your opinions on this website. https://osteoporosismedi.com osteoporosis medications

Leave a Comment