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Investing in Russia

Vladimir Putin and Dmitry Medvedev

Inside this issue

• The declaration of a state sell-off drew a gasp of approval

• Growth of 4 per cent is good but there is a risk of stagnation

• Russian Railways’ attempts to join the 21st century - -

Content

Putin’s return puts future in doubt

Now that uncertainty over the leadership has been removed, attention has turned to the longer term. Charles Clover reports

FDI: The glass is full one day, empty the next

Charles Clover reports on the ups and downs of a high-risk country

Privatisation: Sell-offs may remain a distant prospect

Catherine Belton on excitement that may have been short-lived

Private equity: Fund hopes pinned on expert names

Courtney Weaver looks at efforts to coax in reluctant groups

Economy: Drivers of growth threaten to peter out

Catherine Belton reports on the need for reform if stagnation is to be avoided

Stock exchange: Merger creates market less prone to squabbling

Rachel Morarjee on efforts to compete with London

Politics: ‘A lesson in unbridled cynicism’

Charles Clover reports on the stitch-up to end all stitch-ups

Transport: Last of Soviet behemoths moves into modern world

Isabel Gorst on plans to move rail infrastructure into the 21st century

Zvooq.ru: A ‘music discovery engine’ with applications elsewhere

Rachel Morarjee talks to operators of an online service

Space: Big effort to make money and stay in orbit

Paul Gould on a sector that is sole provider of flights to International Space Station

Tomsk: Take a look at a Kremlin experiment

Consumers: A new middle class that likes to shop

Drinking: Effort to re-engineer drinking habits