Russia Scares Off its Own Investors
Jason Bush, Der Spiegel | August 29, 2008
International investors were already troubled by Russia's economic problems, but Russia's recent actions toward Georgia have created diplomatic tensions, which may scare off investors. ++ The outcome of the US election could be a major factor in how Western relations with Russia develop. ++ Weak legal protections for foreign investors who irk Russian authorities will also deter investments. ++ However, the plunge in Russian stock prices attracts buyers and consumer growth is still in double digits, so it may be wise to buy now.
