Sanctions Risk Is Back in Russia. Here’s What’s at Stake

  • Investors keeping eye on Belarus, Navalny and U.S. elections
  • Aberdeen investor says Russia is well prepared this time
Photographer: Andrey Rudakov/Bloomberg
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Russian markets are once again being plagued by multiple sanctions threats that could materialize before the end of the year.

The prospect of new Western sanctions has helped drive the ruble back toward a four-year low reached during the oil price crash in March. Only Turkish government bonds have performed worse than Russia’s in emerging markets over the past three months.