A day before the event, four of the five aforementioned Russian ETFs are trading higher–RSX is up 0.87%, ERUS is up 1.49%, RUSL is up 2.53%, and ERUS is up 1.55% while FLRU remains unchanged.
Russian President Vladimir Putin has confidence in the strength of the national economy. e recently stated that Russia’s economy has risen out of a years-long recession, and hosting the World Cup will only be a boon for Russian markets this summer.
“We have entered a trajectory of sustainable economic growth,” said Putin. It appears that “growth in the near term is guaranteed,” he said.
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