Toast of Emerging Markets in 2021, Russia Gives Pause
- Ruble has its merits, putting aside geopolitics, analysts say
- Russia was aggressive with hikes; to start unwinding next year
This article is for subscribers only.
Russia’s performance this past year has made it the toast of emerging markets.
But as 2022 approaches, the tens of thousands of Russian soldiers gathered near the Ukrainian border are giving its backers pause for thought.