Emerging market investors hesitate as Russian troops gather
Russia's 2021 performance has made it the toast of emerging markets but the tens of thousands of Russian soldiers gathered near the Ukrainian border are giving its backers pause for thought. "If it invades Ukraine, Russia would disappear as an asset class," said Elena Loven, fund manager at Swedbank Robur.
By Daryna Krasnolutska and Vladimir Kuznetsov, Bloomberg
Russian forces attacked targets across Ukraine after President Vladimir Putin ordered an operation to “demilitarize” the country, prompting international condemnation and a U.S. threat of further “severe sanctions” on Moscow, sending markets tumbling worldwide.
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