Is Russia a Buying Opportunity on Ukraine Crisis?

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March 6 (Bloomberg) -- On today’s “Insight & Action,” Bloomberg’s Adam Johnson looks Russia as a potential buying opportunity on dips caused by the Ukraine crisis on Bloomberg Television’s “Lunch Money.”

Sanctions on russia?

In one word, nyet.

Or not likely.

Let me show you why.

They are better off as friends.

Date eu supplies 75% of russia's foreign direct investment.

Meanwhile, russia supplies 33% of the eu's petroleum imports.

They are better off as friends.

For all of the positioning and angst that we seem to hear about and read about.

They need each other.

By the way, this has been a painful experience for russia.

For mr.

Putin, look at the cost of crimea.

The russian ruble has fallen 10%, the mcex, russia's version of the dow, down 11%. if the ee you and russia need each other, if stocks have fallen way down, should we be looking at russia as a place we ought to think about investing in?

The mcex has 50 stocks.

13 of those trade in the u.s. as adr's. you are looking at seven trading at a discount to book value.

Also, trading less than 10 times earnings.

They are cheap, beaten down.

Some of the names i will not even attempt to pronounce.

Others, we know, gazprom come a look oil -- gazprom, lukoil.

If you take assets down cheap enough they become attractive.

Russia might be worth a look.

It needs that you, the eu needs it.

It has gotten crushed.

There is some value here.

Adam johnson, appreciate it.

This text has been automatically generated. It may not be 100% accurate.

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