Strategy

 2014

MidLincoln Emerging Markets Charts and Datamine

Mining for Emerging Markets  Ideas

In the last 10 years Russians faced declining real growth rates
On per capita basis Russia looks especially bleak
In the last 10 years Russians faced double digit inflation, expensive credit and low investment levels.
In the past 10 years Russians faced a come back of state propaganda
Russian suicide statistics is horrible.
Russia's oligarchs from millionaires became billionaires
Russia handeled privatisation results poorly
Russia was unable to stop brain drain
Very close relatives of Kremlin bosses served at the banks that laundered billions of dollars
Sochi 50bn$ oilympics. Anything that Russia does should be exogenous
State oligarchs were supposed to reverse the mistakes of privatisation.
On the International Front Russia was able achieve bad relations with Ukraine and Georgia.
Fight against corruption in Russia was very short. Folks that ran the anticorruption effort were quickly arrested.
On social front Russia decided to grab money from pensions and invested heavily into medical equipment paying sometimes 3 time the price.




Some Useful Data Queries

GEM Worst performers 52 wks

Change in earnings estimates

Dividend Yield Changes - Last Week Dynamics

Change in 30 Day Average Volume

Top Div Growth

Closest Dividend Dates

Cheapest on PE

Cheapest Price/Book

Cheapest Price/Sales

Charts



GEM Worst performers 52 wks
CompanyCountryTickerPriceCh1yearEst_PEG_RatioEst_PEProfile
Oi SABZOIBR4 BZ-66.63--Oi S.A. offers fixed-line and mobile telecommunications services in Brazil. The Company provides fixed-line and mobile telecommunica tions, data transmission, and Internet access and other service....
LCY Chemical CorpTA1704 TT-60.22--LCY Chemical Corporation manufactures chemicals. The Company produces formaldehyde, acetaldehyde, ethyl acetate, methanol, acetone, methyl isobutyl ketone, liquified petroleum gas and synthetic resins....
Bumi Resources Tbk PTIDBUMI IJ-55.06--PT Bumi Resources Tbk operates in the exploration and exploitation of coal deposits, including coal mining, and oil exploration activities. The Company offers its services to cement companies and powe....
FGC UES JSCRUFEES RM-49.97-3.1050Federal Grid Co Unified Energy System JSC provides long-haul electricity transmission.....
China Overseas Grand Oceans Group LtdHK81 HK-49.490.37174.5789China Overseas Grand Oceans Group Ltd. is a property development and sales company. The Compnay'ss operations include the entire property development process, comprising land acquisition and investmen....
Wumart Stores IncCH1025 HK-47.18-14.5312Wumart Stores, Inc. operates and manages supermarkets and convenience stores in Beijing, Tianjin, and Hebei. The Company also operates a hypermarket in Beijing.....
Greentown China Holdings LtdCH3900 HK-44.020.19553.3632Greentown China Holdings Ltd. develops real estate. The Company builds residential villas, low-rise apartment buildings, and high-rise apartment buildings for middle and high-income people.....
Hyundai Merchant Marine Co LtdSK011200 KS-41.81--Hyundai Merchant Marine Co., Ltd. provides marine transportation services. The Company commands different types of vessels including full container vessels, oil tankers, car carriers, LNG carriers, b....
Kernel Holding SAPW0KE GR-40.431.754314.0348Kernel Holding SA is a diversified agri-business company operating in Ukraine. The Company produces, procures, transports, stores, processes and merchandises agricultural commodities on the internati....
S-Oil CorpSK010950 KS-38.250.871319.6573S-Oil Corporation refines crude oil and sells petroleum and its related products. The Company mainly focuses on petroleum refining, petrochemical, and lubricant business. S-Oil's major products are g....
Source: MidLincoln Research


Change in earnings estimates
CompanyCountryTickerNew EPSOld EPSEPS_Est_Change_PctEPS_CurrencyProfile
Impala Platinum Holdings LtdSAIMP SJ5.65302.409099.99ZARImpala Platinum Holdings Limited, or Implats, is the holding company for a group of companies which operate platinum mines. In addition to platinum, Implats mines, produces, and markets other platinu....
EvrazRUEVR LN0.08900.027099.99USDEvraz PLC mines iron ore and coal, and manufactures steel. The Company mines iron ore in Russia and Ukraine, and coal in Western Siberia. Evraz produces steel beams, channels, reinforcement bars, sl....
Fibria Celulose SABZFIBR3 BZ0.40600.310030.97BRLFibria Celulose S.A., together with its subsidiaries, engages in the production, sale, and export of short fiber pulp. It primarily provides bleached eucalyptus kraft pulp for use in manufacturing toi....
Jaiprakash Associates LtdINJPA IN-0.5810-0.446030.27INRJaiprakash Associates Ltd. is an industrial conglomerate. The Company's lines of business include engineering and construction, cement, power, hospitality, real estate, and expressways and highways.....
True Corp PCLTHTRUE TB-0.1750-0.137027.74THBTrue Corporation PCL is an integrated telecommunications provider. The Company offers a wide range of voice, video, and data services, including dial-up and broadband Internet services, pay television....
TMKRUTRMK RM0.35000.287021.95USDTMK OAO is a global supplier of tubular products for the oil and gas industry. The Company manufactures its core products, OCTG and line pipe, as well as pipes for industrial applications and offers s....
TMK OAORUTMKS LI1.40101.149021.93USDTMK OAO is a global supplier of tubular products for the oil and gas industry. The Company manufactures its core products, OCTG and line pipe, as well as pipes for industrial applications and offers s....
Parkson Holdings BhdMAPKS MK0.17000.143018.88MYRParkson Holdings Berhad is an investment holding company. The Company, through its subsidiaries, operates a chain of department stores in Malaysia, China, and Vietnam.....
China Taiping Insurance Holdings Co LtdHK966 HK1.13800.997014.14HKDChina Taiping Insurance Holdings Company Ltd., through subsidiaries, underwrites life and property/casualty insurance and reinsurance.....
Fubon Financial Holding Co LtdTA2881 TT4.42403.912013.09TWDFubon Financial Holding Co., Ltd. is a financial holding company, formed through the merger of Fubon Insurance, Fubon Securities, Fubon Commercial Bank, and Fubon Life Assurance.....
Source: MidLincoln Research


Dividend Yield Changes - Last Week Dynamics
CompanyCountryTickerNew Div YieldOld Div YieldDivYield_ChangePctEx-DateProfile
AFK SistemaRUAFKS RM5.28%4.69%12.5807/16/2014JSFC Sistema is a publicly-listed investment company incorporated in Russia. The Company owns a diverse set of public and private companies which it holds in two distinct portfolios: Core assets and D....
Massmart Holdings LtdSAMSM SJ3.15%2.87%9.7609/15/2014Massmart Holdings Limited distributes and retails general merchandise, food, and liquors to customers in southern Africa. The Group operates through five separate chains: Game, Dion, Makro, Shield, a....
Power Finance Corp LtdINPOWF IN3.60%3.29%9.42Power Finance Corporation funds power projects in India. The Company serves state power utilities, central power sector utilities, power departments, private power sector utilities, joint sector powe....
Sistema JSFCRUSSA LI4.73%4.38%7.9907/15/2014JSFC Sistema is a publicly-listed investment company incorporated in Russia. The Company owns a diverse set of public and private companies which it holds in two distinct portfolios: Core assets and D....
China Communications Construction Co LtdCH1800 HK4.18%3.89%7.4606/23/2014China Communications Construction Company Ltd. is a transportation infrastructure group. The Company is involved in infrastructure construction, infrastructure design, dredging, and port machinery ma....
Jiangsu Expressway Co LtdCH177 HK5.35%4.98%7.4306/10/2014Jiangsu Expressway Company Ltd. constructs, operates, manages and maintains expressways in China. The Company also provides passenger transportation and other ancillary services along including fueli....
Shanghai Industrial Holdings LtdHK363 HK3.49%3.26%7.0609/15/2014Shanghai Industrial Holdings Limited is an investment holding company that focuses on three core businesses: infrastructure facilities, real estate and consumer products. SIHL invests in toll road pro....
AeroflotRUAFLT RM5.37%5.02%6.9707/07/2014Aeroflot - Russian Airlines transports passengers and freight. The Company operates scheduled international and domestic passenger flights and cargo services. Aeroflot's fleet consists of Boeing, Ai....
Country Garden Holdings Co LtdCH2007 HK6.08%5.70%6.6705/23/2014Country Garden Holdings Company Limited is a real estate developer. The Company builds villas, townhouses and apartments in Mainland China. Country Gardens also develops large-scale community facilit....
Rural Electrification Corp LtdINRECL IN3.54%3.32%6.6309/02/2014Rural Electrification Corporation Limited engages in the financing and promotion of transmission, distribution and generation projects in India. The Company provides funding to clients to assist them ....
Source: MidLincoln Research


Change in 30 Day Average Volume
CompanyCountryTickerNew VolumeOld VolumeVolume_Change2 Week Price Change*Profile
Alliance Global Group IncPHAGI PM159755502.1570999.99-7.59Alliance Global Group, Inc. is a holding company with interests in food and beverage, real estate development, and fast food restaurant businesses. The Company distills brandy, manufactures glass con....
Cia de Saneamento Basico do Estado de SaBZSBSP3 BZ14881171444 670999.996.01Cia de Saneamento Basico do Estado de Sao Paulo (SABESP) collects, treats, and distributes water. The Company also engineers and constructs water distribution infrastructure and water treatment system....
Corpbanca SACLCORPBANC CI487767100168497100189.483.50Corpbanca offers banking services to both businesses and individuals in Chile, including loans and leasing services to businesses, and loans, credit card services and mortgages to individuals.....
Highwealth Construction CorpTA2542 TT68947282591429166.06-27.68Highwealth Construction Corp. develops and sells residential and commercial buildings which are constructed by independent construction contractors.....
Yang Ming Marine Transport CorpTA2609 TT85445313799754124.879.27Yang Ming Marine Transport provides transportation services and handles domestic and foreign maritime services on cargos. The Company also operates warehouse, wharf, tug, barge, and container freight....
XL Axiata Tbk PTIDEXCL IJ9028153463729094.690.87PT XL Axiata Tbk provides a wide range of mobile telecommunications services in Indonesia.....
Evergreen Marine Corp Taiwan LtdTA2603 TT5857247301742294.115.49Evergreen Marine Corporation transports freight by ships. The Company operates containerized ships to move freights throughout the world. Evergreen Marine has interests in terminals, airline operatio....
Wan Hai Lines LtdTA2615 TT3679013195254888.4223.23Wan Hai Lines Ltd. provides marine transportation and shipping agent services. The Company also purchases, sells, and leases vessels and containers as well as operates container freight stations.....
CEZ ASCZCEZ GR103564959.483.59CEZ generates electricity. The Company operates coal fired, hydroelectric, and nuclear power plants in the Czech Republic. CEZ distributes its electricity to regional electricity companies.....
S-Oil CorpSK010950 KS36071623176955.64-10.72S-Oil Corporation refines crude oil and sells petroleum and its related products. The Company mainly focuses on petroleum refining, petrochemical, and lubricant business. S-Oil's major products are g....
Source: MidLincoln Research


Top Div Growth
CompanyCountryTickerDiv_YieldEx_DateChange YearProfile
Coal India LtdINCOAL IN9.35%01/17/2014+59.18%Coal India Limited produces and markets coal and coal products, as well as provides related consulting services.....
Surgutneftegas OAORUSNGSP RM8.61%07/15/2014+33.42%Surgutneftegas explores for, extracts, transports, refines, and markets oil and natural gas from fields mainly in Western Siberia. The Company operates oil and gas fields, dehydrates gas, extracts liq....
Ruentex Development Co LtdTA9945 TT8.27%07/25/2014-0.83%Ruentex Development Co., Ltd. develops, sells, and leases residential and commercial buildings which are constructed by independent contractors.....
Agile Property Holdings LtdCH3383 HK7.79%09/12/2014-17.98%Agile Property Holdings Limited develops and operates real estate. The Company primarily develops, owns and manages commercial and hotel properties. Agile has projects in various states of completio....
Piramal Enterprises LtdINPIEL IN7.62%07/15/2014+18.74%Piramal Enterprises Ltd. manufactures drugs and glass containers. The Company produces antibiotics, cardiovascular drugs, antacids, analgesics and antiulcerants, and soda lime glass containers and bo....
Redefine Properties LtdSARDF SJ7.48%05/26/2014+14.01%Redefine Properties Limited invests in property related investments. The Company invests in real estate through a property portfolio and an equity portfolio. The property portfolio is comprised of com....
Inventec CorpTA2356 TT6.99%07/16/2014+7.89%Inventec Corporation manufactures and markets computers and electronic word processing products. The Company's products include notebook computers, desktop computers, workstations, scientific graphic....
Feng Hsin Iron & Steel CoTA2015 TT6.92%07/01/2014-10.03%Feng Hsin Iron & Steel Co., Ltd. manufactures and markets steel products. The Company sells its products in Taiwan and exports to Asia.....
Ruentex Industries LtdTA2915 TT6.90%07/25/2014+8.82%Ruentex Industries Limited manufactures and markets textile products. The Company produces gingham, denim, co tton yarns, chambray, oxford, and flannel. Ruentex also sells and leases commercial and....
Ecopetrol SACOECOPETL CB6.82%04/22/2014-20.00%Ecopetrol SA is an integrated oil company. The Company owns interests in oil producing fields in the central area, south, west and north of Colombia as well as refineries, ports for fuel exports and ....
Source: MidLincoln Research


Closest Dividend Dates
CompanyCountryTickeronemoreyearex_DateDiv_YieldProfile
Alliance Global Group IncPHAGI PM2014-09-0461.56%Alliance Global Group, Inc. is a holding company with interests in food and beverage, real estate development, and fast food restaurant businesses. The Company distills brandy, manufactures glass con....
African Rainbow Minerals LtdSAARI SJ2014-09-20222.67%African Rainbow Minerals Ltd. is a diversified South African mining company with long-life, low unit cost assets. The Company mines and beneficiates iron ore, manganese ore and alloys, platinum group ....
Oi SABZOIBR4 BZ2014-09-303225.62%Oi S.A. offers fixed-line and mobile telecommunications services in Brazil. The Company provides fixed-line and mobile telecommunica tions, data transmission, and Internet access and other service....
Steinhoff International Holdings LtdSASHF SJ2014-11-25881.52%Steinhoff International Holdings Limited is the holding company for a group of companies that manufacture and distribute household goods and related timber products throughout southern Africa and Euro....
El Puerto de Liverpool SAB de CVMXLIVEPOLC MM2014-12-03961.61%El Puerto de Liverpool SA de CV owns and operates retail stores and shopping centers located throughout the major cities of Mexico. The stores sell apparel, novelties, and home items. The Company al....
Fomento Economico Mexicano SAB de CVMXFEMSAUBD MM2014-12-131063.19%Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a Company that through its subsidiaries produces, distributes and markets non-alcoholic beverages throughout Latin America as part of the Coca-Col....
Arca Continental SAB de CVMXAC* MM2014-12-181111.55%Arca Continental SAB de CV bottles non-alcoholic branded beverages. The Company produces carbonated soft drinks, bottled water, iced tea, and fruit drinks as well as branded snack foods. Arca Contine....
Airports of Thailand PCLTHAOT TB2014-12-191122.06%Airports of Thailand Public Company Ltd. operates the Bangkok International Airport (Don Muang). The Company also operates provincial airports in Chiang Mai, Chiang Rai, Hat Yai, and Phuket. It is d....
Grupo Aeroportuario del Sureste SAB de CMXASURB MM2014-12-231162.60%Grupo Aeroportuario del Sureste S.A.B. de C.V. operates airports in Mexico. The Company holds 50 year concessions, beginning in 1998, to manage airports in Cancun, Cozumel, Merida, Oaxaca, Veracruz, ....
Kumho Petro chemical Co LtdSK011780 KS2014-12-271201.81%Kumho Petro Chemical Co., Ltd. manufactures synthetic rubbers, synthetic resins, and rubber chemicals. The Company's products include styrene butadiene, acrylonitrile butadiene, polystyrene, expandab....
Source: MidLincoln Research

Cheapest on PE
CompanyCountryTickerEst_PEEst_PEG_RatioRel_PEProfile
Gazprom OAORUGAZP RM2.800.77880.4356Gazprom OAO operates gas pipeline systems, produces and explores gas, and transports high pressure gas in the Russian Federation and European countries. The Company is also engaged in oil production, ....
GazpromneftRUSIBN RM3.270.50610.5706Gazprom Neft JSC is an integrated oil company engaged in the exploration, development, production, transportation, and sale of crude oil and gas. The Company is involved in oil refining, marketing of ....
Greentown China Holdings LtdCH3900 HK3.360.19550.2540Greentown China Holdings Ltd. develops real estate. The Company builds residential villas, low-rise apartment buildings, and high-rise apartment buildings for middle and high-income people.....
Sberbank of RussiaRUSBERP RM3.620.3379-Sberbank of Russia attracts deposits and offers commercial banking services. The Bank offers time deposits,corporate banking, securities brokerage,credit, foreign exchange services and sponsors credit....
Agile Property Holdings LtdCH3383 HK3.820.18740.2993Agile Property Holdings Limited develops and operates real estate. The Company primarily develops, owns and manages commercial and hotel properties. Agile has projects in various states of completio....
Evergrande Real Estate Group LtdCH3333 HK3.960.34570.2945Evergrande Real Estate Group Limited is an integrated residential property developer. The Company operates in property development, investment, management, and other related services.....
Surgutneftegas OAORUSNGS RM4.05-0.5441Surgutneftegas explores for, extracts, transports, refines, and markets oil and natural gas from fields mainly in Western Siberia. The Company operates oil and gas fields, dehydrates gas, extracts liq....
Lukoil OAORULKOH RM4.090.50140.9813LUKOIL explores for, produces, refines, transports, and markets oil and gas, mainly from Western Siberia. The Company also manufactures petrochemicals, fuels, and other petroleum products. LUKOIL ope....
Chongqing Rural Commercial BankCH3618 HK4.250.32360.4026Chongqing Rural Commercial Bank Co.,Ltd. provides various types of personal and corporate banking and financial services. The Company's services including deposits, loans and bonds, domestic clearing....
China Minsheng Banking Corp LtdCH1988 HK4.322.54010.5697China Minsheng Banking Corp., Ltd. operates in commercial banking businesses. The Bank provides deposit, loan, settlement, discount, financial bond issuance, government bond underwriting and trading, ....
Source: MidLincoln Research


Cheapest Price/Book
CompanyCountryTickerPrice_BookEst_PEG_RatioEst_PEProfile
African Bank Investments LtdSAABL SJ0.04--African Bank Investments Limited is a bank holding company. The Group provides financial services such as loans and microlending to the underserviced areas of the South African population through its....
FGC UES JSCRUFEES RM0.13-3.1050Federal Grid Co Unified Energy System JSC provides long-haul electricity transmission.....
Centrais Eletricas Brasileiras SABZELET3 BZ0.15-9.6901Centrais Eletricas Brasileiras S.A. (Eletrobras) generates, transmits, and markets electricity through regional companies in Brazil. The Company plans, finances, coordinates, and supervises expansion....
Centrais Eletricas Brasileiras SABZELET6 BZ0.25-15.6620Centrais Eletricas Brasileiras S.A. (Eletrobras) generates, transmits, and markets electricity through regional companies in Brazil. The Company plans, finances, coordinates, and supervises expansion....
AK Transneft OAORUTRNFP RM0.340.68263.4470AK Transneft OAO is a monopoly provider of pipeline oil transportation in Russia. The Company's pipelines pass from East Siberia to the western border of the country.....
Gazprom OAORUGAZP RM0.350.77882.7959Gazprom OAO operates gas pipeline systems, produces and explores gas, and transports high pressure gas in the Russian Federation and European countries. The Company is also engaged in oil production, ....
Shui On Land LtdCH272 HK0.360.243112.0018Shui On Land Limited engages principally in the development, sale, leasing, management and ownership of residential, office, retail, entertainment and cultural properties in the PRC.....
Oi SABZOIBR4 BZ0.41--Oi S.A. offers fixed-line and mobile telecommunications services in Brazil. The Company provides fixed-line and mobile telecommunica tions, data transmission, and Internet access and other service....
Hyundai Securities Co LtdSK003450 KS0.42-37.8517Hyundai Securities Co., Ltd. provides a wide range of financial services, such as brokerage, securities dealing, underwriting, corporate finance, mutual funds, online trading, and derivatives. The Co....
Poly Property Group Co LtdHK119 HK0.440.24895.9734Poly Property Group Co., Ltd. develops, invests in, and manages properties in China. The Company develops mid- to high-end residential and commercial projects in first-tier and second-tier provincial....
Source: MidLincoln Research

Cheapest Price/Sales
CompanyCountryTickerPrice_SalesEst_PEG_RatioEst_PEProfile
KOC Holding ASTUKCHOL TI0.00-10.8916Koc Holding AS is a holding company. The Company has interests in manufacturers of automobiles, household appliances, consumer electronics, textiles, construction materials and other goods, food proc....
African Bank Investments LtdSAABL SJ0.02--African Bank Investments Limited is a bank holding company. The Group provides financial services such as loans and microlending to the underserviced areas of the South African population through its....
Oi SABZOIBR4 BZ0.06--Oi S.A. offers fixed-line and mobile telecommunications services in Brazil. The Company provides fixed-line and mobile telecommunica tions, data transmission, and Internet access and other service....
Bumi Resources Tbk PTIDBUMI IJ0.10--PT Bumi Resources Tbk operates in the exploration and exploitation of coal deposits, including coal mining, and oil exploration activities. The Company offers its services to cement companies and powe....
Korea Gas CorpSK036460 KS0.120.628510.9200Korea Gas Corporation manufactures, wholesales, and distributes liquefied natural gas (LNG) and liquefied petroleum gas (LPG) throughout South Korea. The Company also constructs and operates LNG recei....
SK Networks Co LtdSK001740 KS0.12-16.0170SK Networks Co., Ltd. is a general trading company. The Company trades general merchandise, such as steel, oil, timber, petrochemical, household appliances, clothing, textile products, and informatio....
China Railway Group LtdCH390 HK0.130.56226.9862China Railway Group Ltd. offers transportation systems construction services. The Company builds railroads, roads, tunnels, and bridges.....
Wistron CorpTA3231 TT0.133.261416.6334Wistron Corporation manufactures and markets notebook computers, personal computers, and other related information products.....
China Railway Construction Corp LtdCH1186 HK0.140.87936.6538....
Metalurgica Gerdau SABZGOAU4 BZ0.15-9.8153Metalurgica Gerdau S.A., manufactures steel. The Company has operations in several countries located in the Americas, Europe and Asia. Gerdau through the concept of manufacturing Mini Mill in most o....
Source: MidLincoln Research


Charts

In the last 10 years Russians faced declining real growth rates


Economic bubble fueled by negative real rates and high oil price that lead them nowhere unfortunately and proved unsustainable. Since 2006 Russia is facing falling real growth rates. Despite percieved high gains in nominal numbers, on per capita basis Russia was unable to reach levels of former Soviet states in Baltics that do not have natural resources

On per capita basis Russia looks especially bleak


on GDP per capita basis Russia is behind default frontier markets such as Argentina and behind former Soviet states such as Baltics

In the last 10 years Russians faced double digit inflation, expensive credit and low investment levels.


Russians have been facing a decade of double digit or in the best case high single digit inflation. Credits are mostly short term and rates are huge. Investment levels - tiny.

In the past 10 years Russians faced a come back of state propaganda


Russians have received less and less objective information

Russian suicide statistics is horrible.


Teen suicide rates has been climbing and Russia finaly reached the number 1 spot on this statistics (kremlin administration blames the usual - the internet)

Russia's oligarchs from millionaires became billionaires


Russia's reachest people are not affraid to be accused of corruption, and openly call themselvs friends of Kremlin

Russia handeled privatisation results poorly



Russia was unable to stop brain drain


Despite waisting millions in Rosnano, Skolkovo and RVK the most talented enterprenuers are still kicked out from Russia

Very close relatives of Kremlin bosses served at the banks that laundered billions of dollars


Bizzarly - closest relatives of Kremlin's bosses have served at the banks that laundered billions of dollars.

Sochi 50bn$ oilympics. Anything that Russia does should be exogenous


Sochi oilimpics left the unplasent aftertaste. 50bn$ spent was huge even compare to East Siberia pipeline spent. Both project ran the same managment.

State oligarchs were supposed to reverse the mistakes of privatisation.


E.g. they were supposed to spend in order to increase added value. Unfortunately they ended up in vanity competiton of private oligarchs. There is still no consesus on who is more powerfull among them. Neither Rosnet no Gazpromneft e.g. has not invested to build a single gasoline processing plant.

On the International Front Russia was able achieve bad relations with Ukraine and Georgia.



Fight against corruption in Russia was very short. Folks that ran the anticorruption effort were quickly arrested.



On social front Russia decided to grab money from pensions and invested heavily into medical equipment paying sometimes 3 time the price.