Economic Benefits Of Trump Victory Likely To Be Smaller-Than-Expected For Russia, Say Analysts
By Leman Zeynalova
The benefits of Donald Trump’s victory in the US presidential election for Russia are likely to be smaller than expected, according to the analysts of the UK Capital Economics consulting company.
“Trump’s victory in the US presidential election has raised hopes in some quarters that economic sanctions on Russia will be lifted. As things stand, this is far from certain,” said the analysis obtained by Trend.
The analysts believe that even if sanctions were removed, the benefits for Russia’s economy and its financial markets would probably be smaller than most seem to think.
Moreover, according to Capital Economics, it’s not clear whether Trump would be as willing to lift sanctions as some suggest.
“He may be unlikely to act unilaterally on this issue. Just as importantly, Trump’s policy goals are centered on domestic issues,” said the analysis.
The main economic benefit would come from improving external financing conditions, permitting Russian firms to roll over external debts more easily, according to Capital Economics.
“That would allow for higher investment and stronger GDP growth,” the analysts said.
The US held presidential election November 8. Republican presidential nominee Donald Trump won the election.