Despite Big Rally, Russian Market Trades At Forward P/E of 6.4

Russian Stock Market? Jefferies: It could be time to buy Russia again For the past few years, the Russian equity market has been off-limits for most investors. The round of sanctions placed on the country following its invasion of The Ukrainian territory of Crimea during March 2014, sent shockwaves through Russia’s economy. Over the following 12 months, the country also had to grapple with an economic crisis brought on by the oil price crash. Economic uncertainty and volatile currency are enough to scare investors away from any country but over the past few months some stability has returned to Russia’s economy…