Russia Attractive to British Risk-Takers

Russia Attractive to British Risk-Takers


The sovereign debt crisis engulfing Europe is making Russia increasingly attractive for British companies in the wake of Prime Minister David Cameron's visit to Moscow in September, the Russo-British Chamber of Commerce said Tuesday.

Traditionally conservative British companies are being drawn by Europe's problems and general fears of a global economic slowdown to markets usually considered too risky, Stephen Dalziel, executive director of the chamber told The Moscow Times during the annual RussiaTALK investment forum.

"I've never known so many British companies enquiring about doing business in Russia," Dalziel said. He said interest was particularly high in the pharmaceutical and real estate sectors.

Addressing an audience of Russian and British businessmen, Denis Keefe, charge d'affaires at the British Embassy in Moscow, said that while both Russia and Britain were largely insulated from the current turmoil in Europe, both faced a period of "painful adjustment."



Read more:http://www.themoscowtimes.com/business/article/russia-attractive-to-british-risk-takers/447893.html#ixzz1dxgTFNuD
The Moscow Times

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