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Swedbank favors Russian assets

Swedbank in Stockholm bought shares in state-owned Russian companies. The political risk that was priced into Russian assets is declining.

An easing of tensions between Vladimir Putin, Europe and the U.S. is prompting investors to take a fresh look at Russian assets. “Russia is no longer seen as a villain like a year ago," said Elena Loven from Swedbank, who is adding "liquid and cheap" stocks to the 1 billion-euro ($1.07 billion) portfolio she helps manage at Swedbank Robur