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| Author: | Mellow, C. |
| Title: | All dressed up and no place to go |
| Journal: | Banker
1994 : APR, VOL. 144:818, p. 30-32 |
| Index terms: | BANKS FINANCE BANKING |
| Language: | eng |
| Abstract: | New banks, both foreign and domestic, are adding excitement to Russia's financial system. There is no commercial risk. There is no market risk. There is no performance risk. There is only political risk. This is the open invitation Andrei Tsimailo, vice-president of Moscow's Most-Bank, offers potential foreign partners in his company's real estate ventures. For most Russian bankers, this is a dead-on description of their own business as well. Unfortunately, as political risks go, Vladimir Zhirinovsky chomping at the bit of power is definitely up there. |
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