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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?


To: Rob Shilling who wrote (280)7/8/1998 6:33:00 AM
From: Thomas Haegin  Read Replies (2) | Respond to of 1301
 
<< So, is the crisis over ?? >>

In short, no, it's not over yet. The tax collection and revenue-raising is the main issue. They cannot rely on the IMF for infinite time. Also, the devaluation spectre is not gone yet.

My advice: Wait! Keep watching, but do not commit money now! You will have many changes later as Russia is a story for the next 5, 10 or even more years. No need to rush.

Thomas