Medvedev stopped by Silicon Valley Wednesday to drum up support for plans to build a high-tech center in the Moscow suburb of Skolkovo. Medvedev toured Stanford University and several high-tech companies. After a meeting with the Russian president, Cisco Systems pledged to invest $1 billion in Russian technology projects in the next ten years.
Bartiromo says that while the government seems committed to investing in technology, western investors hesitate to get onboard fearing Russia's bureaucracy. She offered the Fast Money desk her take: "I think the government gets it."
Another sign of Russia's resurgence: Medvedev hopes to double the gross domestic product in five years.
Although that's a trend for the future, Tim Seymour of EmergingMoney.com has a few ideas on how to put money to work in Russia right now. He thinks the best plays are Vimpel-Communications and Mobile Telesystems .
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to email@example.com.
CNBC.com with wires