Delaney and UBS recommend steel company Mechel (MTL) and Mobile TeleSystems (MBT).
FORBES: With Oil & Gas Galore, Why Is Russia So Cheap?
2.
Although it has attracted some big-hitting technology companies, such as America's Global TeleSystems, it has struggled to get its shares touted by European brokers.
ECONOMIST: European stockmarkets
3.
The same is true with Russia's Mobile Telesystems OJSC and Vimpel-Communications.