What assets?
Is that why the USD has grown stronger in last few months and the Rubel has almost tanked? Russia economy is still extremely vulnerable and over exposed to Oil & Gas. Putin promised in early 2000's that he would diversify Russia economy, hasn't happened.
Russia GDP is 10th, only slightly higher than Australia and grew it only half a percent last year and looks to be in recession this year.
"Inflation is over 15% n 2015, GDP is expected to contract by 3.2%. Further economic situation will depend on the dynamics of energy prices and the economy’s ability to adapt to external shocks. According to Bank of Russia forecasts, in 2016, GDP growth will stand at 0.7%, if oil prices recover to US$70 per barrel by late 2016. However, in case oil prices remain at about US$60 per barrel during 2016, output will contract by 1.2%."
http://www.cbr.ru/Eng/press/pr.aspx?file=15062015_133026eng_keyrate2015-06-15T13_26_45.htm
If you think West will hurt more over sanctions then Russia is right now and likely to in 2016 you're far more positive then Russia own central bank. But then Russia central bank probably doesn't read propaganda on their economny from RT news.
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Kat.
