discuss this and more i'm joined by timothy crouse he is the head of the russia bank opportunity fundit i see asset management company we also have simon phantom fletcher he is the portfolio manager at renaissance asset managers and we have you know softness of all work he is the chief economist at deutsche bank russia you had a softball start out with you they had hoped january would have been a better month what kind of picture do you see unfolding for the first quarter. well i think certainly january was quite weak and the main culprit was fixed investment so the investment side continues to be the weakest link in russia's growth performance but there is hope that we might have some recovery especially on the consumption front because we have the olympics and according to various estimates the contribution from the olympics for russia's g.d.p. could be as high as zero point three to zero point four percentage points for the euro as a whole so on a monthly basis of could be even more emphatic. so for the quarter as a whole it will be a difficult period but there are some rays of hop