Russian anxieties spark capital flight
Investors concerned about who will lead Russia in
future :
Russia: Investors in Russia are pulling billions of dollars out of
the country. In the last few months, an estimated $30bn has left the
country.
Russia is one of the few places in the world where foreign investors
can buy into the country’s massive oil, gas and natural-resources
wealth. But the outflow of money is happening even despite oil prices
remaining high.
When the Soviet Union collapsed, the country went through a series of
social, economic and political upheavals that today are largely under
control.
But Russians fear that a sudden shift of power could upset the
balance. Investors are concerned about who will lead the country next
year. The race is expected to be between the country’s two most powerful
men.
President Dmitry Medvedev wants to see his plans for a modern economy
through to the end. Vladimir Putin, the prime minister, is seen by many
as offering stability.
Sunday, Press TV |