Russia Banking & Financial Services Q2 2019
The banking and financial services sector in Russia offers both enormous growth potential and near insurmountablestructural challenges. The government continues to impose extensive restrictions on foreign investment and state involvement inall sectors remains high. This will not change without far-reaching market reforms, which appear increasingly unlikely, given politicaltensions between Russia and Western states. Downside risk also stems from international sanctions and domestic corruption,though the central bank is taking steps to improve market regulation and reduce risk exposure.
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