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Aug 31, 2007

Investing in Russia

Mixed messages from Putin’s Russia mean that unpredictability is unsettling – but a buying opportunity for some

The Russian bear is back, with extra weight, a throaty snarl – and cash to burn. No longer the servile beast that limped through the chaos of the former Soviet Union during the 1990s, Russia today roams the world with almost unrecognizable self-confidence, thanks to soaring oil prices and a booming domestic economy. But Russia’s return to global prominence has been marked by a growing belligerence toward western corporate interests, suspending licenses or threatening criminal action

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