This week Crimea and the city of Sevastopol joined Russia. Or put another way, Russia annexed Crimea and the city of Sevastopol from Ukraine. Regardless of how we look at this, the simple fact is Ukraine lost territory and Crimea is now part of Russia. The only thing left is to make sure that the rest of Ukraine …
The Top Five Russian Banks in 2013 were: Sberbank VTB Bank Gazprombank Russian Agricultural Bank Alfa Bank Source: The Banker Sberbank was ranked at 34th in the Top 1000 World Banks list for 2013 compiled by the magazine. It trades on the OTC market under the ticker SBRCY. 50% of the bank is owned by the …
Russia is a natural resourced based economy. Oil and natural gas especially are the two key industries. Hence firms from the energy industry dominate the top firms listed below. These 7 companies appear in the Fortune Global 500 list for 2012. Source: Fortune Global 500, Fortune None of the Russian energy giants trade on the …
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Many global investors avoid investing in Russian equities. Despite the country holding democratic elections and the legalization of private property rights since the fall of communism in 1991, Russia remains a pariah for most investors for good reason. Some of the factors that work against Russia include the widely-held beliefs that it violates human rights, jails …
“I cannot forecast to you the action of Russia. It is a riddle wrapped in a mystery inside an enigma, but perhaps there is a key. That key is Russian national interest.” – Sir Winston Churchill, 1939 The Russian economy is the largest among East European countries. At about $2.4 Trillion in 2011 Russia is the …
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