Wednesday, July 15, 2015

US ‘Shot Itself in the Foot’ by Pushing Russia Toward China - Jim Rogers

American investor Jim Rogers has actively encouraged investing into Russia. During his interview with Gazeta.ru Rogers said that he has joined the Board of Directors and bought shares of ‘PhosAgro’ which is a Russian chemical holding company producing fertilizer, phosphates and feed phosphates.

He also increased the proportion of shares of the Moscow Stock Exchange and he also has a paper of ‘Aeroflot’.

Concerning the current rouble situation Rogers said, “Russia has low debt, unlike Greece, as well as convertible currency, which is quite unique for the new markets. So fundamentally its position can be called normal. It is being pressured by lower oil prices, but as soon as the black gold finds the stable point the situation will improve for the rouble.” .... http://sputniknews.com