BusinessWeek ran an article about venture capital funds investing in Russia. One question was why, since there is plenty of money and talent in Russia already? After Putin’s comments over the weekend, some players might rethink the idea. Frankly having watched Putin use the courts, and any other means, to force the country’s energy assets into the 50% state owned Gazprom, the idea of "investing" in Russia seems unadvisable. Just ask Royal Dutch or British Petroleum how their Russian "investments" have worked out. British Pete hasn’t lost everything yet, but it appears to be only a matter of time.
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