Just over a month ago, the Russian ruble soared to its highest level against the dollar in 18 months, against the backdrop of relatively high domestic interest rates and increased foreign investment. Donald Trump's courting of Russian President Vladimir Putin also improved relations between the Kremlin and the White House, creating far higher levels of business and investor sentiment across the board.
The U.S. President's hasty and surprising decision to intervene in Syria and sanction the bombing of a government airfield (in response to a reported chemical weapons attack) has cast a huge shadow over the political landscape, however, while sending American-Russian relations to a familiar low.
The Fall-out From the Intervention, and How it Hit the Russian Markets Hard
Quite aside from the validity of Trump's strike (particularly given the lack of defined intelligence) and the fact that such a move was diametrically opposed to one of his core campaign pledges, the intervention also hit the markets hard. Russia's currency and stock markets fell in the immediate aftermath of the strike sending ripples throughout the …