ben errors here in the studio with me he's editor in chief of business new europe we also have erich krauss he's an independent fund manager but i'm here also cos he is the head of strategic planning and development at unicredit securities and lie to me or to commute off he is chief economist at the critter financial corp ok eric i'm going to go to you first your very well known fund manager here you've been here actually longer than i have and you write this letter weekly right out of its monthly no truth and beauty and russian finance which is not only very smart it's very funny so my first question goes to you how do you correlate high oil prices and investment in russia they correlate well or not well i mean there is a persistent myth that the russian economy and market is only about oil and i've said this could be a quick argument with it i mean cents or oil is a one way bet in the medium term i don't really think it matters very much the point is that what really is the investment into russia has been a combination of extremely negative coverage in the western press and the russians o