Charles Robertson, global chief economist, Renaissance Capital, discusses the appointment of a new Head at the Russian Central Bank and whether chasing high single-digit growth is the right strategy for Russia.
The listing of Russia’ largest bank Sberbank on the London Stock Exchange, raising some $5 billion, is just the beginning of a wider trend and shows how Russian state-owned businesses are increasingly turning towards privatization, Anton Karamzin, deputy chairman and CFO of Sberbank, told CNBC.
Russia is expected later on Tuesday to close the share sale in London and Moscow of a $5 billion stake it owns in Sberbank after attracting strong interest in what analysts said was another move by the Russian government to advance reforms in the country and offer investors the chance to buy into fast-growing companies.
VTB Capital, the investment arm of Russia's second largest lender, is opening its first and only U.S. office this week in New York City, with Andrey Kostin, VTB's chairman & CEO.
Investor confidence in Russia has recently waned thanks to political uncertainty, reports CNBC's Steve Liesman.
The Russia Forum, held in Moscow each February, brings together politicians and business leaders to discuss investing in this vast resource-rich country.
Mikhail Shamolin, Sistema president, discusses the company's big push to go beyond its borders, and how Wall Street is taking notice.