, Columnist
What Sanctions? Russian Markets Are Over It
The economy’s in decent shape and oil prices are up.
Gone fishin’.
Photographer: Alexey Nikolsky/AFP/Getty Images
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The stronger dollar may have taken its toll on Turkey and Argentina but there is one notable exception to the stresses plaguing emerging markets — Russia.
Investors have largely shrugged off the shock from U.S. Treasury sanctions being imposed for the first time on specific Russian companies, notably aluminum producer United Co. Rusal. The MOEX Russia Index, the country’s benchmark, just hit a record high.