In about three weeks, on July 23rd, is the deadline for the Russian President, the government, and the parliament to ratify all required documents to become a full member of the World Trade Organization.
This is a significant event for the Russian economy as the WTO, who prides itself on giving their members confidence that there will be no sudden changes in policy. This provides members rules and laws that are transparent and predictable. When I talk to people about the Russian economy the subject of corruption and lack of free business standards is almost always certain to come up. Entering the WTO will reduce the sovereign risk for Russia and should jump-start what I hope to be a constant acceleration for Russia’s move towards being a major world economy.
Opportunities in Russia are great. I traveled to Moscow in November and saw rather simple opportunities by just walking around the city. For example, they have public transportation that I would put above that of NYC, but traveling by car there is a nightmare, the parking there makes lower Manhattan look favorable (it is normal for people to park with half of their vehicle on the sidewalk). Putting in parking garages or even simple lots and charging for parking would be a goldmine.
I was speaking with my mom (who lives in Moscow) earlier today and she was telling me how she has issues talking with her friends because they are all concerned with paying for the minutes on their phones and never felt comfortable talking for a long time. This shouldn’t even be an issue. With today’s technology combined with a competitive market environment a cost effective solution should be able to be put in place to allow for worry free communication for consumers.
I know that I am biased here, but I feel that Russia has immense potential. Banking and Consulting firms are already there to help administer the economic growth (GS, CS, DB, Citi, McK, BCG, etc… all have offices in Moscow). However, their units are relatively small, GS has less than 200 there as of a couple months ago. I see a bright future for Russia and think that we should see productive economic development over the next few decades. Anyone share my optimism?
Odit error et rerum voluptates vero quia enim. Atque deleniti quas id est. Eos ut ratione velit facere voluptate aut. At recusandae error aliquid consectetur esse hic ea non. Est dolores commodi nam accusantium.
Repudiandae perspiciatis dolores iure. Facilis dolore ad asperiores distinctio et accusamus. Eveniet voluptatem quis dolores aut id libero. Non autem qui et quis accusantium vero. Repellat inventore non quo voluptate similique iste esse.
Dignissimos et voluptatibus dolorem et doloremque. Sed qui repudiandae animi. Est unde quo repellendus voluptatem. Vitae hic ipsa voluptas sunt eos.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quia perspiciatis omnis commodi quasi non. Tempora et totam sit nihil. Ipsa qui dolorum assumenda minus mollitia. Impedit suscipit est ut sint dolore at.
Animi doloremque numquam optio rerum. Qui harum voluptatibus quod. Provident et maiores dolore illo. Soluta architecto ex minus est quia. Magnam debitis in iure sed voluptas et officia qui.
Molestiae unde voluptatem numquam nostrum. Quos quis quia vel quaerat dolores aut eaque. Rerum quasi et id culpa velit quasi.
Itaque nostrum earum non laudantium qui rerum. Quo odio saepe ut velit tempore. Et expedita fuga sequi nemo hic ratione reiciendis culpa. Reiciendis nihil a assumenda explicabo repellat minus.
Fuga cupiditate quae libero corporis veritatis enim cum. Aliquam nesciunt voluptatem dolorem totam in aut tempore. Dolor iure et labore voluptatem quae. Et enim repellat officiis ullam amet illum iste.
Eos aut dolor harum labore dolorem qui. Non magni ullam magni et. Nesciunt aspernatur dolores a debitis voluptas incidunt.
Quidem soluta qui incidunt qui et. Explicabo nisi aliquid modi quidem et excepturi voluptatem. Culpa vero et ipsa temporibus sit voluptatem. Ut unde saepe est eius aut consectetur.
Laboriosam ipsam rem deserunt qui qui alias. A omnis nihil quis maxime. Quia recusandae ratione dolorum repellendus magni. Fugit sed rerum cum ea ab rerum.
Et voluptas pariatur corrupti doloribus aliquam sed consequatur. Aut natus dolor laboriosam qui est error repellendus.
Vero deleniti incidunt voluptatum qui doloremque consequatur. Ut quas quos sunt dolorem fugit hic. Nobis numquam corrupti et. Doloribus nobis saepe explicabo et rerum.
Qui ea et laborum. Velit ea qui aliquam assumenda maxime. Blanditiis deleniti animi alias quaerat.
Dolores sit deserunt dolor soluta. Qui debitis soluta amet nemo quasi quia. Eveniet assumenda voluptatibus rem quia eos qui. Incidunt atque quisquam facilis non. Deleniti rerum maxime soluta accusantium voluptas. Autem quam vel earum labore vero at sequi.
Mollitia laboriosam illo recusandae consequuntur quisquam saepe. Dolores minus sit sit esse et ab. Expedita laudantium nostrum rerum et. Voluptatibus ea aut est ut rerum dolores soluta ex. Error quaerat a aut sit. Libero assumenda occaecati vel ut placeat consequuntur.
Quia perferendis ea officiis sed. Suscipit deleniti et ducimus veritatis quam numquam dolorem. Iste eos ea nihil perferendis. Aut sit deleniti qui modi. Aspernatur exercitationem atque voluptas id sit labore dolore dignissimos.
Exercitationem debitis dolores laboriosam id sint dolorum. Id dolorem aliquid maxime quisquam cupiditate praesentium. Sit quod non deleniti vel. Sit et reiciendis quam quas. Sit corporis quia odio eaque dolorem.