Moscow financial centre: keys to success. By Lord Skidelsky

[Casper]

There are a lot of areas of cooperation between Russian and British business. One should not underestimate the amount of British capital that is already invested into Russia. British capital is present in most sectors: from oil and gas and real estate to manufacturing to high-tech.

Currently, Russian government is advancing the plan of turning Moscow into a global financial centre. Russia has oil and gas, metals, agricultural products and so on. It should easily be able to build a world class financial centre on top of this. Why is Russian oil, for example, traded more on foreign exchanges than in Moscow? If there are right platforms and right instruments to leverage Russia's strengths, then there are no reasons why Moscow should not be a major financial centre. It is probably naive to think that Moscow can become a financial centre based on "innovation". I think it has a lot more chances to succeed if it focuses on sectors where Russia has natural advantages.

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[editec]

Casper,

Money has no loyalty to nations.

What do you think FREE TRADE is really all about?

 

[Toro]

In Russia, corrupt government officials steal money from asset managers.

I wouldn't put a dime into Russia. Its a kleptocracy that doesn't respect the rule of law.

 

[Baruch Menachem]

Russia is notorious for official corruption, dishonest politicians, and contempt for private property and rule of law.

Investing in Russia is only for folks who like to bet at really long long odds, have too much money and not enough sense, or are willing to take huge risks for minimal returns.

Russians don't want to trade in Russia. Why should any other rational person do so