unicredit bank russia ben heiress he is the editor in chief of business new europe we also have david cranfield he is a partner in c.m.s. and simon sent him fletcher he is a portfolio manager with renaissance asset managers ok out of time i want to go to you first in china it's the year of the dragon will this be the year of the bull for russian equities we think so we expect quite a significant growth rate of the russian equities for this year at about two hundred twenty five percent or something like that of. things of this year it can be quite strong in terms of its fundamentals as well ok then when he said. i agree i think the market is extremely cheap and why cheap well because i want to go to december ok i need to cheat it's cheaper for a number of reasons i mean of course we were doing our outlook and never has been so confusing i mean you've got a potential meltdown in europe and at the same time domestically this sort of resurgence of political risk such as it is consequently investors have all stepped back and waiting to see how it plays out and again with the presidential elections i