Investors Shorting Russia—and Reset
4:00 PM, May 31, 2011 • By DANIEL HALPER
So even as the White House remains silent in the face of continuing corruption and oppression in Russia, investors are voting with their feet. They are running from the Russian market, which has collapsed in the first quarter of this year as major multinationals like BP see deals fall apart over politics.
The Obama administration is moving forward with a “commercial reset,” seeking to integrate Russia into the world market and international organizations like WTO. But until the Kremlin starts respecting the rule of law, protecting private property, and allowing the Russian people to exercise their basic human rights, only the politically well connected will be willing to risk their money in Putin’s Russia.
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