term foreign direct investment (“FDI”) in Russia.Why to focus on FDI? Unlike portfolio investment in equities and debt, FDI directly creates jobs and cannot be withdrawn by a computer keystroke. The comparatively miniscule amount of FDI in Russia should be a source of acute embarrassment to the Duma and a stimulus to prompt, decisive action. Foreign investors do not expect guarantees of profit or protection from market forces. They do require some hope of tax stability and reasonable support, rather than interference, from the Government. To date Russia has attracted a meager amount of FDI even without offering such conditions. AppendixExchange rate of Russian ruble comparatively to US dollar (the denomination in the 1998 is not considered)Percentage of changing of Exchange rate of Russian ruble comparatively to US dollar Works CitedS. Commander, C. Mumssen, Understanding Barter in Russia. (EBRD Working paper 37, 1998).Professor A Kennaway The Russian Political Economy 1999. Royal Military Academy Sandhurst Jeffrey A. Burt, Board of Directors of the Russian-American Chamber of Commerce. 14 June 1999Michel Camdessus ;Managing Director of the International Monetary Fund European-American Business Council New York, September 15, 1998http://www.wright.edu/~tdung/imf_wb_nyt.htm...
