Even with economic reform, Russia will remain susceptible to swings in oil prices because of its heavy reliance on natural resources. Investors will be wise to keep this in mind when investing in Market Vectors Russia ETF (NYSEArca: RSX), which is 42% invested in the oil and gas sector. State Street’s new Russia ETF, SPDR S&P Russia (NYSEArca: RBL), has a 49% weighting in energy.
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Sumin Kim contributed to this article.