Archive for March 2012

Russian appetite for luxury alcohol growing

Mar 29th, 2012 | By | Category: Asides

The Russian elite have always had a healthy appetite for luxury products and strong spirits, store but it appears that the two are now coming together for the first time in a while. According to a recent report from global management consultancy group McKinsey, Russians spent $5.3 billion on luxury goods in 2011. This stacks [...]

Russian government bonds to 'attract billions'

Mar 22nd, 2012 | By | Category: Rouble News

The release of Russian rouble government bonds is expected to attract billions in foreign cash by 2014. The government is hoping to encourage serious Western institutional investors by conducting an overhaul of the country's domestic bond market. A significant part of this will be to enable locally-issued treasury bonds – or OFZs – to be [...]

Russia aims for the moon

Mar 15th, 2012 | By | Category: Asides

The space race between Russia and the US in the 1960s is the stuff of legend but now it appears that Russia has plans to reignite its space programme in earnest. A leaked document from the country's space agency suggests that Russia has a number of ambitious plans to expand its horizons in the near [...]

Russian elections bring change for investors

Mar 8th, 2012 | By | Category: Central Bank

It came as little surprise when Vladimir Putin took the presidency of Russia in this week's elections, more about but the markets' response has been somewhat less predictable. Immediately following the result, it appeared that investors were reassured by the stability that Putin is expected to help continue to develop. Anton Danilov-Daniliyan, expert council chairman [...]

Putin set for presidential victory

Mar 1st, 2012 | By | Category: Featured

Vladimir Putin looks to be on target to win the Russian presidency as the country gears up for elections on 4 March. After first entering the Kremlin 12 years ago, drug Putin has maintained a heavy level of bravado and a macho attitude towards politics, purchase while relations with the West have been at best [...]