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Kudrin’s Departure Would Be ‘Body Blow’ to Russia, RBS Says

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.”