Russia – too cheap to sell, too risky to buy
• The Russian stockmarket is cheap, with one of the lowest price-to-earnings ratios in the world.
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• Russia’s conflict with Ukraine over the eastern region poses significant risks for investors.
• The risks posed by the conflict in eastern Ukraine and foreign sanctions make buying Russian stocks too risky for now.
• Those who already own Russian stocks should hold on to them as they won’t find a cheaper market to invest in.
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