These are exciting times in Russia.
While the rest of Europe has struggled to recover from the financial crisis, the last few years have seen Russia emerge as a true economic superpower. The countries banking system has changed out of all recognition in the last decade. Last year Russia’s banks recorded a net profit of US$26 billion. Meanwhile the Federal government has committed to a huge US$60 billion privatization program that will fund its enormous one trillion dollar infrastructure upgrade. The 142 million Russians are Europe’s largest single market, and with an expanding middle class with new access to credit, they represent a very attractive audience for any international business.