Christopher Granville

Director of Russia Research
+44 (0)20 3008 5762

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Recent Russia research

* Russia: Nabiullina takes the controls, 11 Oct 2017
* Russia: US sanctions – a contrarian case, Christopher Granville, 28 Jul 2017
* Russia: Rates outlook – the key revealed, Christopher Granville, Madina Khrustaleva, 20 Jul 2017
* Russia: End of Putin revisited, Christopher Granville, 30 Jun 2017
* Russia: Geopolitics less bearish than oil, 23 Jun 2017

See all our Russia research >>

Country risk revisited

Overview

Successful modernisation and sustained economic growth depend on a stable external environment and a positive domestic political dynamic. A shooting war with a neighbouring state would normally be reckoned the precise opposite of those requirements. In our view, however, the August 2008 conflict in Georgia amounts to a positive shock for Russia country risk.

That risk was already mispriced before the September 2008 financial market crisis which political risk perceptions helped...

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