“Some 78 percent of the Russian companies in the Micex index showed greater annual sales growth than their global peers, even though the shares of these Russian companies lagged behind their international competitors, according to data compiled by Bloomberg. That’s consistent with a two-year improvement in the relative value of Russian companies.  One possible reason for the growth? Sanctions. With foreign goods unavailable, Russians had to choose homegrown products and services. The shares outstanding of the largest U.S.-based exchange traded fund tracking Russian companies  surged 5 percent so far this year.”

http://www.bloombergview.com/articles/2015-03-20/russia-rebounds-despite-sanctions

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