Brexit’s Impact on Russian Financial Markets ‘Limited’

© REUTERS / Michaela RehleAn employee holds British pounds and Euro banknotes in a bank at the main train station in Munich, Germany, June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum
An employee holds British pounds and Euro banknotes in a bank at the main train station in Munich, Germany, June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum - Sputnik International
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Brexit’s influence on the Russian financial markets is limited, although heightened volatility risks have increased, the Russian Central Bank’s Research and Forecasting Department said an a bulletin released on Wednesday.

An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008 file photograph. - Sputnik International
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MOSCOW (Sputnik) — According to the bulletin, Brexit has led to higher risks to economic growth both in the United Kingdom and the European bloc, as well as generally across the globe.

"The intention of the UK to exit the European Union (Brexit) has so far had limited impact on Russian markets… As a result of Brexit, Russian financial markets are running the risk of stronger volatility," the Talking Trends bulletin reads.

The Brexit decision sent global financial markets into frenzy, with the Dow Jones Industrial Average futures falling some 500 points on Friday, or about 3 percent, and oil prices continuing to fall.

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