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Russia - Best mode of entry


6 percent on the RTS bourse. There is speculation that there will also be long term effects according to Yasin, a top economist at the state University School of Higher Economics, who said "Regarding the more long-term effects, this certainly will affect the dynamics of balance of payments, of capital flight." .
             By that Thursday, October 30. 2003, Yukos shares dived 12 percent after Russian prosecutors seized 44 percent of the oil giant it says Khodorkovsky owns, in a bid to stop the money leaving the country. The Yukos stock dove about 20 percent that week, which wiped $10 billion of the company's value. The ruble opened weaker against the dollar but recovered slightly after the stock market opened, although the Russian currency remained below the previous day's close. .
             By November 6, 2003 Confidence in Russian markets had dropped with share prices reflecting this, at a time when the Russian government has been trying to attract foreign investment. The net private capital outflow was $7.7 billion in the third quarter of the year and the bank estimated it would reach $8.6 billion for the full year, and that it is not directly related to the arrest of Khodorkovsky. With all this controversy, the head of Russia's markets watchdog urged foreign investors to keep faith in the country and President Vladimir Putin embarked on a European tour to calm frayed nerves.
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             Workers clear ruble at scene of blast.
             (Courtesy CNN.com).
             CULTURE.
             Culture is defined as a system of values and norms. Norms are commonly broken down into two categories know as folkways and mores. Folkways are things that occur in everyday life and mores are serious issues such as abortion, cannibalism, incest, and other topics of critical interest. We will be evaluating Russia and how these aspects or culture are displayed in their society.
             The basis for most cultures begins with religion so we will begin to explore the history and involvement of Russia's religions.


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