Russia ETFs Still Sporting Cheap Valuations

Russia, the “R” in the ubiquitous BRIC acronym, has a reputation for a lot of things. The country is a dominant producer of commodities. Pumping about 10 million barrels of oil per day makes Russia the largest producer outside of the Organization of Petroleum Exporting Countries. Russia also produces 2 billion cubic feet of natural gas and is the world’s largest palladium producer. The country also has a reputation for corruption. Russia ranked 133rd on Transparency International’s

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