Britannia Radio

Russian Financial System Falling Behind

Russian Financial System Falling Behind Bank and financial systems have yet to reach their potential in Russia. Unlike in developed countries where financial systems have become the main instruments of economic development, growth, and competition, Russia banks still remain plagued by their inability to secure access to significant capital. Russian banks and financial institutions are also associated internationally by their relationships with, so-called, oligarchs or even the state, says Alessandro Bruno of Geopoliticalmonitor.com. http://www.geopoliticalmonitor.com/russia-banking-and-financial-systems-4671