For a private buyer, it is unfathomable to purchase a company under these conditions.

One thing the Kremlin has addressed is the issue of state control. Not that it's gone away, but the government is producing a list of sectors where foreign ownership will be limited.

Removing the demand to transfer money into a Russian bank is a positive move. This means that the actual funds can be kept anywhere.

When considering wage increases, we cannot forget that people are still not recording a lot of the money they earn.

It's a very good sign that things are going in the right direction.

Of course, it may be that Russians are willing to spend more on furniture. But I think that is unlikely.

It's been winding down quickly.

In that sense Russia is a good option.

Getting more money into the banking system would not only help to fight inflation but also help to boost investment because the banks would have more assets available for credits.