The Big Question: What are the implications for Russia of another six years of Putin?

Edward Conroy, HSBC GIF Russia Equity fund Markets will rally   Russian equities trade on a significant valuation discount to their own history and to other emerging markets, owing in part to the political risks. But while this election result was largely expected and to some extent has been priced in (year-to-date equities are up 26%), we believe the market is positioned to rally further from here. In his campaign manifesto, Vladimir Putin set out a number of economic policy priorities including privatisation, ratification of WTO membership and other measures to improve the busin...