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Russian economy: safe haven or oil bubble?

Aleksey Novikov, Office head, Standard & Poor's, Russia and CIS

1961 - Born in Moscow
1983 - Graduates, Moscow State University
1986 - Receives his master’s degree in regional and urban studies, Moscow State University
1989 - Receives his doctoral degree in country and regional studies, Russian Academy of Sciences
1993 - Fiscal federalism consultant, Russian President’s analytical centre
1996 - Head, EA Ratings, Russia’s first independent credit rating agency
1998 - Analytical Director, Standard & Poor’s Moscow office
2005 - Office Head, Standard & Poor’s for Russia and CIS, Moscow

As the US economy has already fallen into a recession, according to the majority of economists, and the European one doesn’t feel well, the so-called BRIC countries – Brazil, Russia, India and China – are attracting more and more foreign investors. Is Russia a truly safe haven in the troubled waters of the world economy? How will the current crisis affect Russian economic development? To answer these questions, our guest today is Aleksey Novikov.

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