28 October 2015 at 10:45 GMT
Is now the time to be trading the Russian market? Although the rouble has declined in the past twenty-four hours, geo-political tensions surrounding Ukraine have eased and most asset classes have staged a significant recovery from summer lows. On Friday the Russian central bank announces whether it'll lower interest rates for the sixth time this year.
Russia expert, Nadia Kazakova, isn't convinced. The country relies on oil and gas for fifty percent of its revenue and real recovery, she says, depends on the oil price being far higher than the sub-fifty dollars a barrel we're currently seeing. She also points out why Russia could miss out on any end of year liquidity rally despite many global central banks extending stimulus programmes.