Sistema is a telecoms & IT company.
Of course that's going to grow in Russia, it's a government strategy in RU to grow this kind of industry, plus Russia is overall a growth market, as a BRIC country.
It doesn't have to grow immediately - my retirement is over 25 years off!
I didn't know about the CEOs stint in prison or about him being released. I wasn't looking for quick profit.
The only risk I see with investing in Russia, is that the Communist party wins the election and starts to de-privatize or confiscate businesses without regard for the shareholders. Or that Russia's enemies manage to orchestrate some kind of neocon revolution and puts a pro-West puppet in charge of Russia. I think the chance of either thing happening is small.
Also - with Russia, you have to actively monitor the shares. Quick takeovers seem very common in the CIS market
There is no way that any US sanctions can hold Russia down in a longer perspective! BRICs are the future economically and Russia is part of that. A temporary glitch will change nothing. Quite the opposite - now is the time to invest in Russia.
There are not a lot of Russian companies trading on the London stock exchange, and in some cases purchases go through dollar - Risky if the dollar crashes! When that happened, it will not recover since the dollar is a bubble.
I bought something called "Raven Russia" too, apparently that's a property company in Russia.
I have less than 10% exposure to Russia in this portfolio so the risk is very limited.