Stocks tied to Russia rally as Trump's win fuels hopes for an end to the Ukraine war [Yahoo! Finance]
RAIFFEISEN BK IN UNSP/ADR (RAIFY)
NASDAQ:AMEX Investor Relations:
rbinternational.com/ir
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Source: Yahoo! Finance
There is some optimism that Trump will help arrange a deal to end the war. Stocks tied to Russia have risen since Donald Trump won the US presidential election as investors hope that he follows through on campaign rhetoric on bringing an end to the war in Ukraine. Raiffeisen Bank International, an Austrian bank, has seen its stock surge 12.2% to a seven-month high since the market closed on Tuesday. Hungary-based OTP Bank soared 4.9% in that time. Both banks have operations in Russia. Turkey-based construction firm Enka Insaat, meanwhile, is up 8.6% since Tuesday. Shares of companies with ties to Russia plunged following the invasion of Ukraine in 2022, as investors fled the country over fears that sanctions would hobble the economy and hurt firms doing business there. After the invasion, the US and Europe employed widespread sanctions to cut off the Kremlin's war revenue. The moves forced many companies to exit the country and made doing business difficult for those that rem
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