This year the Russian stock market will become one of the most attractive for foreign investments, analysts from the Swiss bank UBS predict. Emerging market stock will be more responsive to the global economic recovery and are cheaper. Along with Russia, it is also advised to look closer at the countries of Latin America.

UBS noted that Russia currently can boast “the highest dividend yield in the world,” and the ruble will strengthen in the coming months following the rise in oil prices to $63 per barrel. Analysts believe in the recovery of the global economy. In their view, this is facilitated by the start of the vaccination, increase in the price of the dollar and the decrease in indeterminacy in US foreign policy.

According to the Russian Central Bank, over the past year investments in domestic non-financial companies have decreased by almost 20 times. If in 2019 they amounted to $28.9 billion, then in 2020 it was only 1.4 billion.