In each episode Russian companies have survived by adapting to the new, post-crisis business environment. Volatility has tended to depress asset prices while the limited access to international capital has, in many cases, incentivized increased operational efficiency and corporate competitiveness. In a number of sectors, including tech, finance, medicare and retail, companies will be taking advantage of the disruption to expand market share.
Improving efficiency, high quality contracts with Sovereign backed credits and scalability against a backdrop of falling interest rates makes renewable energy a relatively low-risk growth opportunity in Russia today.
Russia´s retail market has been completely disrupted over the course of the last decade, creating a range of opportunities around logistics and transportation.
Tech companies are finding solutions for logistics companies to more effectively manage cash flows and balance sheets. Russia has a tradition of innovative programmers with a paucity of access to capital at every stage of development.
Russia has tremendous potential across a range of sectors for agriculture and aquaculture. Accessing opportunities has been difficult for international investors, but opportunities with the right risk-return profile do emerge from time to time.
The power sector in Russia is dominated by large regulated companies. Opportunities exist to provide energy and heat to niche customers with good credit under long-term contracts at attractive IRRs.
Changes in legislation and the absence of long-term capital has created a window of opportunity when prices are subdued but demand is high.
