According to a survey on the Russian business climate carried out by the German-Russian Chamber of Commerce in September 2013, two-thirds of German companies working in Russia remain affected by trade restrictions despite Russia’s accession to the W.T.O. Even […]
Read MoreIn May, the all-Russia RTS Index sold off another -3.67%, on the back of the overall continued emerging market and commodity weakness, amplified by the Russia and CIS-related storm caused […]
Read MoreI noted in my last blog that Russia had imprisoned hundreds of thousands of entrepreneurs and that it finally needed to start trusting its own people. And lo! President Vladimir Putin’s speech at the annual St. Petersburg International […]
Read MoreOn June 18, 2013, President Putin warned that government revenues would be less than previously expected and that the budget policy for 2014-2016 had to be planned accordingly. He also said that while revenues from natural […]
Read MoreIn April, the Fund continued to be indirectly but significantly affected by the market storm caused by the unlawful expropriation of investor assets in Cyprus. Although the Fund had never […]
Read MoreIn March, the Fund was indirectly but significantly affected by the market storm caused by the unlawful expropriation of investor assets in Cyprus. Although the Fund had never had any […]
Read MoreIn February, the Fund had a negative performance of -4.34%, although it was a significantly better result than that of a general “market” amidst the backdrop of a -6.14% free-fall […]
Read MoreOn March 15, 2013, the Financial Times published an article on “Moscow’s new art centers — A tour of the hotspots of a creative renaissance that could lift Moscow’s profile as a cutting-edge destination.” The article highlights the capital city’s edgy […]
Read MoreIn the third quarter of 2012, the economy chalked up its 55th straight quarter of growth and surprised analysts on the upside by growing 7.1 percent. The economy has apparently stabilized at 5 to 6 percent per annum recently, but the Finance Ministry […]
Read MoreIn his writeup of this year’s gathering of politicians and businessmen in Davos (“Complacency in a Leaderless, Multipolar World,” The Moscow Times, Feb. 12, 2013), Nobel laureate in economics Joseph Stiglitz quotes with apparent approval a development expert who claimed […]
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