I would take the equity risk if I could buy Surgutneftegaz on a PE of 1 http://finance.yahoo.com/quote/SGTZY?ltr=1. I did read that the dividend yield was high but yahoo are reporting it at 2.02% .
Here is http://www.citibank.com/ipb/europe/wealthproducts/bonds.htm I guess Gazprom have USD bonds.
Here is http://www.citibank.com/ipb/europe/wealthproducts/bonds.htm I guess Gazprom have USD bonds.