For one of the ruble’s most prescient forecasters, six more years of Vladimir Putin will mean the currency’s back-to-back annual gains are about to hit the buffers.
“After the Russian presidential election, the market will have digested the story of Russia exiting recession,” said Sebastien Barbe, the Paris-based head of emerging-market research and strategy at Credit Agricole CIB. Traders will turn their attention to “the difficulty that Putin -- as the old-new president -- will face in upgrading the growth model,” he said.
