What Would a Brexit Mean for Russia?
Russia’s ruble sank as oil fell below $50 per barrel and the possibility Britain will pull out of the European Union damped investor appetite for riskier assets in developing nations. Investors pared the second-best rally in emerging markets this year after polls put the U.K.’s “Leave” campaign ahead as the June 23 referendum approaches. Nineteen of 24 developing-nation currencies tracked by Bloomberg declined, while oil, Russia’s main export earner, headed for a fourth day of losses in London. Otkritie Holding Chairman Ruben Aganbegyan discusses with Bloomberg's Ryan Chilcote at the St. Petersburg International Economic Forum.