Firebird Management’s Two Picks For Investing In Russia

There’s a host of reasons why you would want to steer clear of investments in Russia right now. The hostilities with Ukraine could still develop into a larger confrontation with the West, including harsher sanctions or worse, and the World Justice Project ranks it 80th in its rule of law index (tied with Egypt and Mexico, and just below Cote d’Ivoire). But Firebird Management co-founder Ian Hague presented two companies that he thinks value investors should look at during Grant’s Pariah Panel at the recent fall conference.

Sberbank holds 45% of Russia’s retail deposits

First up is Sberbank Rossii OAO (MCX:SBER) (OTCMKTS:SBRCY), the largest bank operating in Russia by a fair margin with...