Russian Finance Minister Alexei Kudrin’s departure from the country’s next government would be “a body blow,” said Tim Ash, head of emerging-market strategy at Royal Bank of Scotland Group Plc.
“Markets have a huge amount of faith in Kudrin,” who created a rainy-day reserve fund and has been credited for his “fiscal responsibility,” London-based Ash said today in an e-mailed note. “His departure would be a body blow for Russia.”
