Donald Trump's election was initially said to be positive for the Russian economy, but less than 100 days into his presidency, analysts are concerned geopolitical tensions could hurt the U.S. and Russian economies.
In a note in November, Germany's Deutsche Bank said Russia should be a clear beneficiary of Trump's policies and a stabilization is within reach. "The U.S. president can remove sanctions by a National Security Waiver. We therefore see relative value trade opportunities in ruble, move to over-weight sovereign credit and selected corporates," the bank said.
However, with tensions between Russia and the United States rising, many analysts feel this may start to affect growth in both economies.