Russian bears

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0:27 Kingsmill Bond of Sberbank on opportunities in Russian equities
0:49 Russia's limited local debt market
1:09 Equity market ownership in Russia
2:28 Risks: oil price, and the taper
3:03 Russian stocks

Russian shares are driven by foreign investors who care about two things: the oil price and the chance of reform under Putin. Kingsmill Bond, of Sberbank CIB, tells John Authers this creates a worrying outlook but there are still ways to find value


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