As has become clear, a sliding oil price and western economic sanctions are now beginning to cause economic havoc in Russia. But when Russia feels the pinch, recent history has taught us that shares in Bank of Georgia (BGEO) can often become very volatile indeed.
In fact - at 1,954p - the lender's shares have slumped 12 per cent since fears for the Russian economy really began emerging in early December and they're now trading well below our sell advice (2,138p, 6 Feb 2014). The bank suffered plenty of share price misery in the spring, too, when the crisis in Ukraine first began gathering momentum. It's also worth remembering that the Russian invasion of Georgia in 2008 precipitated a run on the bank, with 20 per cent of its deposits withdrawn.
