I noticed in the June 27th edition of the Wall Street Journal that Putin is attempting to reassure U.S. and German executives about the investment climate in Russia. What? A major world leader having to spend time selling his country as a good place to do business? Hey Putin, do you think that the outright theft of Yukos Oil perpetrated by your government might have something to do with the fact that foreign direct investment in Russia is drying up? I can't imagine why our executives would be holding back!
It was a fairly obvious call, but as I said back in December of 2004, Russia is in big economic trouble, and the situation won't be improving as long as Putin and his ilk are in power.
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