Despite economic sanctions, political isolation and business risks in a rocky regulatory environment, the chief executive of Russian industrial investment giant Sistema told CNBC its home country was still their key market.
"We continue to focus on Russia as a market because we do see lots of opportunity here," Mikhail Shamolin, board director and chief executive of Sistema, an investment company holding majority stakes in a number of Russian telecommunications, media, utility and retail businesses, told CNBC.
"If you look at many assets in Russia you will often see assets which are undermanaged," Shamolin said.
"Sometimes the owners of the business don't see a future for themselves or for the business. They're not developing the business but rather milking it for cash and we can be a much more efficient owner who believes in the future. By reinvesting in growth and managing business strategically we can create a much stronger value."
Russia has spent over a year in the economic and political wilderness due to international sanctions imposed on the country for its annexation of Crimea and role in the pro-Russian uprising in east Ukraine, which it denies.
As a result, Russia's economic outlook looks poor this year. In April, for example, the economy shrank 4.2 percent from the same period in the previous year, according to Russia's economy ministry.