MOSCOW, November 1. /TASS/. The probability of further sanctions imposed by the United States on Russia is likely to have already been priced in, the European Bank for reconstruction and Development (EBRD) said in its report on regional economic prospects in the EBRD Regions released on Thursday.
“The downward correction, also experienced in other emerging markets, reflects concerns about further tightening of financing conditions and escalating trade wars,” EBRD says. “In Russia, a likelihood of further sanctions being imposed by the US also appears to have been priced in,” the Bank notes.
Currencies of emerging markets have weakened against the US dollar by 8% on average over the period of May-October 2018, EBRD reports.
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