The Russian crisis may be an opportunity. Government made an arrest of a oil magnate alleging tax fraud (very likely, it was politically motivated) and threatened the Yukos oil company. Russian press is accusing the government of "stalinism". This, after a month of Russian stocks declines, may make a lot of folks give up and sell.

I remember that during the Argentina crisis TEOBF.PK was sold at less than $0.4 (now it is $1.45) and after the Indonesia bombing TLK was sold at less than $5.62 (now it is $14.20).

VIP $65.10 on 10/31/2003	TNT $20.90 on 10/31/2003
ROS $11.40 on 10/31/2003	MBT $77.49 on 10/31/2003
YUKOY.PK $46.75 on 10/31/2003	WBD $18.92 on 10/31/2003
LUKOY.PK $82.25	VLGAY.PK $4.65
UVYZY.PK $5.75	USERY.PK $25.25
SGTZY.PK $24.25	SBKYY.PK $20.75
OGZPF.PK $23.75	NILSY.PK $51.00
GUMRY.PK $3.62

But keep in mind this would be a risky play!