FX.co ★ Russia receives $1.4 bln of investments after Trump's victory

When Russia’s friend Erdogan started to oppress another Russia’s friend Bashar al-Assad, the Russians do not know what to expect from their friend Donald Trump. International friendship is a very complex thing indeed! However, for now the President-elect does not dash hopes of the Russians citizens. Trump has not even taken his office yet, but he has already significantly increased foreign investments inflow to Russia and wealth of Russian oligarchs.

Since the US election, foreign companies have invested about $1.4 billion in Russian assets. Before the Christmas holidays, managers of the largest funds said that they are actively buying assets in emerging markets and are very optimistic about their prospects in 2017. Despite this, some rating agencies have an opposite point of view.

Meanwhile, Trump’s victory notably stepped up net worth of Russian tycoons: the richest Russians expanded their savings by $29 billion in the last two months. Gennady Timchenko is one of the lucky ones who made a fortune on the ruble rally and growth of the Russian stocks. His 23 percent stake in Novatek increased by $1.8 billion. Leonid Michelson, another major shareholder of Novatek, added $1.9 billion, boosting his net worth to $18.2 billion. According to Forbes, altogether, Russian billionaires gained $29 billion after Trump’s win.