Does RSX have staying power? Russia is heavily dependent on exports of natural resources. Although Russia has a reputation as corrupt, it is still tightly plugged in to global financial and commercial networks, and the country has embraced globalization.
Russia is entwined in global financial and commercial networks, and is expected to be a staple of the global economy, report David B. Rivkin and Carlos Ramos-Mrosovsky for The Washington Post.
But will Russia play nice? Its ETF and economy will depend upon it in the long run, because it has too much to lose by alienating itself. Year-to-date, it’s down 23.8%.