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Putin: Markets are ‘unfair’

Vladimir Putin seems to have just discovered how international financial markets work and he doesn’t like it: Decisions concerning which securities to buy or sell on Russian markets are, for the most part, made abroad. Moreover, the criteria by which these decisions are made have very little connection to the actual state of our economy ...

Vladimir Putin seems to have just discovered how international financial markets work and he doesn’t like it:

Decisions concerning which securities to buy or sell on Russian markets are, for the most part, made abroad. Moreover, the criteria by which these decisions are made have very little connection to the actual state of our economy or Russian companies… This is some kind of ugly thing, absolutely unfair."

Putin went on to say that Russia is in no way planning to "limit the activities of foreign capital in the Russian stock market" but was working on a "comprehensive plan" to build a Russian investor class and make the country less vulnerable to economic downturns.

Yes, Vladimir Vladimirovich, attracting international investment without any risk from international markets certainly would be nice.

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