However, strong domestic macroeconomic and microeconomic fundamentals should help to ease investor concerns, say analysts.
With a sizeable chunk of the headline initial and secondary public offerings from the country performing poorly since launch, many prospective issuers are said to be reconsidering their issuance plans, preferring to wait for better market conditions later in the year or in early 2008.
It could prove a high-risk strategy, however – the March 2008 presidential elections are widely expected to increase the perceived political risk attached to Russia.
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