21.09.2006 Ðîññèÿ, Òàòàðñòàí, Êàçàíü.
Òåàòðàëèçîâàííîå øîó. Ìåøîê ñî çíàêîì äîëëàðà.
21.09.2006 Russia, Tatarstan, Kazan.
[English translation in progress (2)]
The dramatized show. A bag with a sign on dollar.
Photo: Vasily Alexandrov
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Britain Warns Business about Risks of Investing in Russia
Britain’s Foreign Office has cautioned entrepreneurs against underestimating the risks related to business in Russia. Russia's potential for long-term and material economic growth is conditioned to institutional and economic reforms required to complete transition to stable market economy.
At the same time, the turnover between Russia and Britain has been stepping up and the trend is expected to continue in future, the U.K. foreign authority specified.
Russia and Britain have been at odds recently, including over the UK’s extradition request for Andrey Lugovoy, whom Britain accuses of killing former FSB officer and then U.K. citizen Alexander Litvinenko. There is no hope that the clashes will boost the business. But the negative effect could be expected should the political differences turn into some sanctions or something discriminating, explained Godfrey Cromwell, executive director of Russia’s-Britain’s Chamber of Commerce.
Amid other things, the warning of Britain’s Foreign Office could be attributed to the statement of PM Tony Blair. Speaking on the flight to the G8 summit, Blair made clear he will tell Putin that the business may turn its back on Russia unless it manifests the adherence to West’s democratic values of tolerating dissent and preventing abuses of human rights.
www.kommersant.com
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