Seeking Alpha

Russian companies hurry to convert reserves

  • Some of Russia's largest companies are starting to move their cash reserves to Asian banks as worries surface that Russia could eventually be completely shut out of U.S. dollar funding markets.
  • Yesterday, the EU adopted its toughest Russian sanctions to date, including heavy restrictions on the country's financial markets, energy industry and a complete embargo of the arms trade between the two
  • ETFs: RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR
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Comments (2)
  • Andrey Udovitskiy
    , contributor
    Comments (21) | Send Message
     
    Time to buy HKD?
    1 Aug 2014, 08:29 AM Reply Like
  • BONESTHRONE
    , contributor
    Comments (3) | Send Message
     
    Be careful of what you wish for.
    1 Aug 2014, 09:26 AM Reply Like
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