This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Invest Now, Russia Says _ But Warning Signs Loom

Obtaining visas is a big hurdle for many Russians doing business in Europe.

Medvedev bristled at any criticism of Russia â¿¿ in particular the Davos report on the risks ahead for its economy, saying its scenarios for Russia's future are "not realistic" and insisting that the economy wouldn't collapse if oil and gas prices sink. High energy prices have been key to Russia's economic successes over the past decade and have given President Vladimir Putin extra weight in global affairs.

The Davos report warned that Russia needs "significant changes in its domestic institutional environment" to keep the economy growing.

Alexei Kudrin, a former longtime Russian finance minister, called the report "a serious lesson, a serious signal to the powers in Russia."

Others talking about Russia at Davos predicted that the country's leadership is unlikely to change on its own. More likely, they said, is bottom-up reform, stemming from street protests or from a growing middle class that wants more accountable politicians.

The son of jailed Russian tycoon Mikhail Khodorkovsky issued an appeal to Davos participants to press the Russian delegation to eradicate corruption.

"All Russians are proud that our country is playing a more significant role in world affairs, obtaining accession to the WTO and winning the right to host the 2014 Olympics," Pavel Khodorkovsky wrote.

"But as long as Putin's authoritarian regime doesn't stop suffocating independent political activity, limiting the work of NGOs, taking heartless measures like the ban on adoption of Russian children by U.S. parents ... Russia will never take the place it deserves as one of the leaders of the world."

Russia's role as Olympic host got another black eye after a top Russian crime lord was gunned down last week in Moscow in what police described as a war between two powerful mobs over lucrative construction projects, allegedly including ones for the 2014 Sochi games.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs