After years of negotiations, Russia officially became a member of the World Trade Organisation. The business daily is particularly interested in the potential benefits for companies in the European Union, which are “Russia’s main trading partner”. More eagerly awaited than the reduction in customs duties, European business communities expect that Russian accession to the WTO will facilitate investment in the country. Russia’s pledge to adhere to more liberal rules could notably facilitate investment in the automobile sector, however, the same will not be true of other sectors that are considered strategic by Moscow, such as raw materials, metals, fertilisers and aerospace. In these business areas Russia will continue to insist that foreign investors can only hold minority stakes in Russian companies.
Big american and european banks are preparing for the worst: the exit of Greece from the eurozone, an army of management consultants and lawyers have been working for weeks on the infinite number of things to do in response to bankruptcy. Tasks range from how to manage riots in the crisis, where the safety of bank employees will be an issue, through to ensuring the stability of the hot lines for advising investors and preparing computer systems to reckon in drachmas.
Mathematically speaking, it can.