In #Putin’s #Russia, risk prices you @FTAlphaville

ftalphaville.ft.com/2014/03/17/1801232/in-putins-russia-risk-prices-you

Perhaps Russia, however, never stopped being a frontier market: investors just pretended otherwise. The Moscow stock market has a $500bn capitalisation, sure, ... Frontier appellation seems absurd.

But the whiff of sanctions grapeshot will just remind investors of deep-seated anxieties about the safety of keeping money in Russia, or investing in companies which do.