Jim Rogers Bets That Sanctions Don’t Matter

Moscow: After getting burnt in the worst month for Russian bonds in more than a year, Jim Rogers says the toughest wave of US sanctions yet doesn’t spook him.

The 75-year-old chairman of Rogers Holdings Inc has been using the sell-off that followed the April 6 penalties to buy more short-term rouble debt. He recommends focusing on Russia’s fundamentals and the highest prices since 2014 for crude oil, the nation’s key export earner.

“Oil is up, things are getting better, sanctions aren’t going...