| Ruben Vardanian | ||||||
Ruben Vardanian, president of Russia's leading broker Troika Dialog, talks to Euromoney about the changing structure and behaviour of Russia's companies and investment opportunities in them. Troika is part owned by the Moscow City Government. Vardanian has been campaigning for improvement to Russia's corporate governance as part of a wider effort to build Russia's capital markets.
Since president Vladimir Putin came to power there seems to have been a big change in the behaviour of Russian companies - is it for real?
The public face of the issue is companies are developing in the market to be seen as well behaved. Yukos [Russia's second largest oil company with a long history of corporate governance abuses that has recently changed its spots] could be acting cynically, but they do want to want to raise their valuation as we are in the next stage [of development of the Russian economy].