Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Rob Shilling who wrote (509)	8/24/1998 3:30:00 PM
From: P.T.Burnem	of 1301

Russia is not asia. Sure. Russia has a centuries-old tradition of not allowing foreign investors to profit from the Russian economy. Whoever gets to drink vodka in the Kremlin, the foreigners will get fleeced. In any debt restructuring, foreign holders of Russian GKO's are going to get a fraction of what Russian "banks" will. Foreign owners of Russian "stocks" will see their equity stake wiped out by dilution, issuance of preferred stock, phony restructuring, taxes, or all of the above. Get out while you can, PTB

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