The increased presence of bondholder representatives in Russia, to protect investor interest, has made the market more attractive.

You can't pick up the newspapers these days without reading about the difficulty that Russian companies are facing in raising capital.

You can’t pick up the newspapers these days without reading about the difficulty that Russian companies are facing in raising capital. Commercial loans are hard to get and extremely expensive; some lenders charge 20% or more. Similarly, raising capital both within Russia and internationally has become much more difficult and expensive.