There is a very little activity on Russian fixed income market today. Still many good picks are available with the potential 15-20% APY. What to do with the unpredictable ruble/$ rate? We bet it will be safe for 2009-2010.

Will Russia lose the rights for the Olympic Games 2014? Building all infrastructures on a small spot of city of Sochi is very expensive and painful for locals. The future use of stadiums and arenas is unclear. The cost of construction exceeds 25 bln.

If Russians would not overcome the corrupt business practices and Games 2014 might be a failure.