We're not chasing the really tiny companies that have moved enormous amounts, ... The core companies with meaningful franchises are the places to be.

It has been pure agony to do this, but it is so meaningful, so real, so necessary. This is not a casual undertaking - we are not deciding to put in a playground. It's health care. It's critical to our future.

Companies our size should not take their core IP [intellectual property] and have it essentially owned by individuals of another company.

We are nowhere near a period when credit is not going to be available to companies.

We did not look at concrete loans, amounts and a time for them to be delivered, ... It was important for us that the fund chief come to Moscow and analyze and assess the situation.

The power behind this rally seems to be unstoppable, notwithstanding the concerns about a slowing economy because of the rate rise. We don't see any signs of that.