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Boom and gloom

The Russian economy may appear messy but Ben Aris asks whether the future really as bleak as it seems.
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At first glance, this looks like the worst time to invest into Russia. Reforms have stalled because of political

in-fighting among the ruling cadre, investors are jumpy because of the turmoil surrounding the fate of embattled oil company Yukos, and the banking sector has just emerged from a mini-crisis that threatened to bring Russia’s financial edifice down for a second time in six years.

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