WSJ: 'Trump era' will benefit Russia's economy

Republican Donald Trump's victory in the US presidential election has dealt a blow to the optimistic mood in developing markets, but Russia is an exception against the general backdrop, The Wall Street Journal writes.

Emerging markets have been the most dynamic contenders so far in 2016, but their situation is now complicated by Mr Trump's anti-globalisation rhetoric.

After the news of his victory, the MSCI Emerging Markets index fell by 2.5%, but the MSCI Russia index rose by 1.9%, the ruble also appreciated against the dollar, - the newspaper reminds. The rise of MSCI Russia and the strengthening of the ruble took place amid hopes that the West will withdraw sanctions against Russia and that Moscow's relations with Washington will improve. But even if this does not happen, the protectionist policies expected in the United States will not affect the Russian economy, since Russia does not depend on the constant movement of capital flows.

In addition, Russia has a current account surplus in the balance of payments and a low level of government debt, - the article says.

In addition, Morgan Stanley banking experts believe that the probability of the US lifting sanctions on Russia in the 2017-2018 period is 35% based on the election of Donald Trump.

According to Sputnik