Pictet - Dispatches from Russia: Lights at the end of the tunnel?

Unrest in Ukraine has plunged relations between Russia and the West to their worst since the end of the Cold War. How is Russia dealing with the effect of Western sanctions and how do ordinary Russians view President Vladimir Putin's moves? In this note, Hugo Bain, Pictet's Senior Investment Manager, discusses the findings from his recent trip to Russia, where he discovered that the situation is not as bad as gloomy headlines suggest.