Jim Rogers foresees Russian economic prosperity

(MENAFN) Hedge fund manager Jim Rogers believes Russia will experience an economic boom once the Ukraine conflict is resolved. In an interview with RBK, Rogers explained that the end of the war would stabilize geopolitics, leading to a surge in Russian bonds, the ruble, and foreign investment. He noted that many foreign investors' assets have been blocked due to sanctions, but once the situation changes, these assets could become accessible again.

Rogers, who holds shares in Russian companies such as state airline Aeroflot, stated that he would be eager to buy more Russian assets once foreign investors regain access to the market. Although he refrains from investing in the current high-risk environment, he sees significant opportunities in Russian stocks, especially in sectors like travel and tourism, following a peaceful resolution.

Rogers also linked his optimistic outlook to a potential victory by Donald Trump in the upcoming US presidential election. Trump has promised to resolve the conflict swiftly if he returns to the White House, further boosting the prospect of Russian economic recovery. However, Rogers warned that such a peace deal would require extensive negotiations with Moscow, which insists on Ukrainian neutrality and recognition of territorial changes.

While focusing on Russia’s future, Rogers also predicted a global recession by mid-spring, driven by national debt and potential US tariffs on Chinese goods. He compared the anticipated downturn to the Great Depression, forecasting a weaker US dollar and a downturn in global markets.

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