Where Brent Crude Goes, Russian Stocks Follow?

Where Brent Crude Goes, Russian Stocks Follow? – This is post 1 of 4 in the series “Russian ETFs surging, but can they keep their momentum?” Where Brent Crude Goes, Russian Stocks Follow? Sanctions on Russia: Will It Be the US Against Europe? Russian ETFs Are On A Tear Russia-focused ETFs Under the Looking Glass Crude oil has been fanning the rise in Russian equities Brent crude oil prices are considered a benchmark for Russia’s oil exports. It is estimated that oil and gas exports contribute one-third of Russia’s budget revenue. Given this reliance on oil exports, it’s not surprising…