Russian Stocks Not Cheap Due to Geopolitical Risk: Moscow Exchange Chair
Sergey Shvetsov, head of the Moscow Exchange supervisory board, said Russian stocks are not cheap today due to persistent geopolitical risk, but will become very cheap once those risks dissipate and foreign investors return.
Speaking at the St. Petersburg International Economic Forum (SPIEF-2026), Sergey Shvetsov, chairman of the Moscow Exchange's supervisory board, commented on the current valuation of Russian equities.
"Today there is simply no feeling that Russian stocks are cheap. I think they are worth exactly what they should be worth now. But when geopolitical risks go away, they will be very cheap, because we will see here the entire cohort of foreign investors who were with us before 2014," Shvetsov said, as reported by RBC.
The statement highlights the ongoing discount applied to Russian assets due to sanctions and geopolitical tensions, with the expectation that a resolution could unlock significant capital inflows.
Source: MarketTwits