Ovechkin still backing Putin party in parliamentary vote

Alexander Ovechkin, a Russian ice hockey legend, has publicly endorsed Vladimir Putin's party in the country's parliamentary election. This move is consistent with Ovechkin's past behavior, where he has shown support for Putin's party despite claiming to be non-political. The endorsement is significant because it may influence public opinion in Russia, particularly among sports fans who admire Ovechkin.

Why it matters

Alexander Ovechkin's support for Putin's party is a political development that does not directly impact the market. However, it is a reminder of the ongoing political situation in Russia, which can have negative implications for Russian assets.

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