"In 2017, the increase in foreign funds’ investments in Russian stock assets amounted to about 30 percent. In the first quarter of 2018, the [volume] continued growing by approximately 13-15 percent in comparison with the previous quarter. US funds have increased their share of Russian assets since the introduction of sanctions, not reduced it," Afanasiev said.
According to Afanasiev, prospects of Russian market and companies outweigh investors’ concerns over sanctions. "I am absolutely convinced that market always wins over artificial restrictions which are imposed on investors’ [activities]," he clarified.
The latest round of US restrictions under CAATSA was introduced earlier in April. The sanctions list included senior government officials, and lawmakers, as well as major business owners and private and state-owned companies under their control, in particular, Oleg Deripaska with the En+ Group, the GAZ Group, Basic Element and Rusal; Viktor Vekselberg and Renova Group; Suleiman Kerimov, Kirill Shamalov, Gazprom head Alexey Miller, and VTB Bank President Andrey Kostin.