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From Russia with Love: Medvedev means profits

Posted May 9, 2008

“Though it’s admittedly unpleasant to say so, there’s a point at which the effects of high oil prices are so great that in the short run they far outweigh one’s distaste for the thuggish Russian regime.” — Martin Hutchinson

by Martin Hutchinson

Baltimore – (TFN): New Russian President Dmitry Medvedev wants better links with Europe. Judging by the performance of outgoing President Vladimir Putin, Europe should beware: The so-called “links” he’s seeking may resemble those used to chain together prisoners in the Gulag.

On the other hand - though it’s admittedly unpleasant to say so - there’s a point at which the effects of high oil prices are so great that in the short run they far outweigh one’s distaste for the thuggish Russian regime. And at $123 a barrel, we may be at that point.

Politically, Russia has pretty much reverted to the pre-1991 Soviet system.

Today, just like then, there’s only one real party: The United Russia party, which controls 315 of the 450 seats in the Duma (essentially the lower house of parliament) and whose leader is one Vladimir Vladimirovich Putin. There is considerable censorship of the media, and dissident reporters and editors have a habit of disappearing - not that there are many left now. There is huge emphasis on military power, and on throwing Russia’s weight around in foreign policy.

From Russia with Love: What’s new about the “new” Russia

However, there are a couple of significant economic differences between today’s Russia and the pre-1991 Soviet Union. Read on to discover five stocks that will profit from Russia’s current regime.

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Posted by Martin Hutchinson · Filed Under International Investing 

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