Skip to content
Subscriber Only

Another Six Years of Putin Could Be Bad News for the Ruble

Bloomberg business news
How Putin Became the Symbol of Russian Power
Updated on

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.