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Russia: risks beyond credit.(economy)
The improving Russian economy and rising middle class offer a potentially lucrative market for U.S. exporters of certain products and services. Since the breakup of the former Soviet Union in 1991, Russia has struggled to transform its state-controlled economy to a private, market-driven one. It is working to install a western style legal system and institute major reforms in its banking and other intuitions. Holdover habits and behaviors from the days of Communist totalitarian control pose challenges to exporters that they don't face in Western Europe or some other foreign countries. For these reasons, financial transactions should be made with all due diligence and even ...
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Source: HighBeam Research, Russia: risks beyond credit.(economy)