Economics
Norway Salmon, Anyone? Stocks to Watch If Russian Sanctions Ease
- Move would be ‘shot of adrenaline’ to the market: BCS
- Norwegian fishers set to gain, Russian exporters may fall
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Stock pickers are already positioning for an event that has the potential to shake up markets from Norway to Brazil: the lifting of sanctions on Russia.
Any easing of the restrictions that have isolated Europe’s fifth-biggest economy for nearly three years will be a “shot of adrenaline for the stock market,” according to Luis Saenz, who runs the Russian sales and trading department at BCS Financial Group. The outlook for such a move has rarely looked better than under new U.S. President Donald Trump, who has vowed to restore ties with the Kremlin.