"I think Trump's victory represents a life saver for Putin," Alastair Winter, chief economist at Daniel Stewart told CNBC via email. Trump offers Russia three benefits, he said, the most important is the lifting of sanctions which will feed through to a revival in economic growth.
"We know the Italians are eager to lift sanctions, as are several German parties including the SPD. Of course, (Angela) Merkel and her CDU want to retain sanctions but would struggle to hold the line if the US lifts them and it could be a major election issue," Winter said.
Secondly, the reduced influence on U.S. foreign policy of the neoconservatives who according to Winter remain as paranoid about Russia as ever.
"This would in return reduce the likelihood of expensive Russian troublemaking in the Baltics, Western Ukraine, the Balkans and even in Western Europe. It may even help to share the cost of eliminating ISIS from Syria."
The third and final benefit for Russia would be the international prestige that comes with being a superpower, Winter said, but the key question is when these benefits start to flow.
"Prestige has already arrived in a pink bow. The Neocons will be difficult to displace even after Trump is in office and lifting the sanctions is far from certain. This explains why Russian assets rallied last week in the glow of the election result but have not since held on to all their gains."