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Behavior of foreign investors towards Russia 'won’t change' following Trump's win

November 09, 2016, 19:30 UTC+3

Investment pause in the US is possible following the election of the new president, the Russian finance minister said

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© Valeriy Matytsin/ITAR-TASS

MOSCOW, November 9. /TASS/. Behavior of foreign investors towards Russia won’t change following the results of the US presidential election, Russia’s Finance Minister Anton Siluanov told reporters.

"We don’t expect changes in the behavior of foreign investors towards Russia. On the contrary we see that the attention of investors to Russia is growing (this can be seen by the placement of Eurobonds).We expect the interest will continue to grow," the minister said.

New US president and Russian ruble 

The results of the US presidential elections won’t seriously affect the ruble rate, Siluanov assumes. One? however, can expect investment pause in the US after the victory of Donald Trump at the presidential election.

"Since investments need stability of macroeconomics and predictability of doing business, amid uncertainty one can expect an investment pause in the US. We should not expect any serious impact on the Russian economy and the ruble. The Russian financial markets, as we have seen, showed a restrained reaction to the event," Siluanov said.

On Wednesday, in the beginning of the trading session the dollar rate rose by 40 kopecks to 64.14 rubles on the Moscow Exchange, The euro rate rose by 1.7 rubles to 71.97 rubles. But before the closure the dollar and the euro dropped to the levels of the closure of the previous session on Tuesday.

The minister also stressed that behavior of foreign investors towards Russia won’t change following the results of the US presidential elections.

"We don’t expect changes in the behavior of foreign investors towards Russia. On the contrary we see that the attention of investors to Russia is growing (this can be seen by the placement of Eurobonds).We expect the interest will continue to grow," the minister said.

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