HALISTER1: Whether Trump or Clinton Wins, Russia Assets at Risk: Saxo Bank

Whether Trump or Clinton Wins, Russia Assets at Risk: Saxo Bank

(Bloomberg) -- Risk aversion, lower commodity prices, general uncertainty may lead to heavy losses for Russian assets, Nadia Kazakova, analyst at Saxo Bank, says in web article.
  • As Trump focuses on U.S. economy, not certain that he’ll “have the heart” for deal w/ Russia
  • Clinton’s victory would probably mean escalation of anti- Russian rhetoric, lack of easing or possible tightening of Russia sanctions
    • “The old game of bleeding Russia into economic ruin could be truly back on”
  • Trump’s possible deal w/ Russia could lead to Crimea’s recognition, easing of sanctions
    • At same time, ruble’s strengthening on the lifting of the sanctions would be counteracted by the central bank via lower rates, buying FX
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
367010Z DC (Saxo Bank A/S)

People
Nadia Kazakova (JPMorgan Chase Bank NA/London)

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