Source Pravda.Ru

Expert comments on situation with unit trusts in Russia

A complicated situation with unit trusts in the USA will not have a global effect on Russia, Anna Belyayeva, the head of the international financial institutions department of Promsvyazbank, told RBC TV. According to her, this is due to the fact that the influence of unit trusts on savings of Russians is not that considerable. At the same time, this situation is not a problem for institutional investors in Russia, since they are pretty professional and independent enough to make a choice and they are not inclined to panic. The Russian market of unit trusts is pretty young and its structure is not as developed as in the USA and Europe. So, operations on this market are rather uniform, which means that there are fewer possibilities for fraud. At the same time, the market is developing and its outlooks are pretty large. It is necessary to take into account the working practices of western countries and avoid mistakes in the future, she noted.

In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

China Warns Against Travel to US and Canada
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