► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />0:27 Kingsmill Bond of Sberbank on opportunities in Russian equities<br />0:49 Russia's limited local debt market<br />1:09 Equity market ownership in Russia<br />2:28 Risks: oil price, and the taper <br />3:03 Russian stocks <br /><br />Russian shares are driven by foreign investors who care about two things: the oil price and the chance of reform under Putin. Kingsmill Bond, of Sberbank CIB, tells John Authers this creates a worrying outlook but there are still ways to find value<br /><br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k<br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes