Monday 17 August 2015

Russia recession poses financial dilemma for companies - FT.com

Russia recession poses financial dilemma for companies - FT.com:



"When Chris van Riet showed visitors around South Gate Industrial Park, south of Moscow, he used to lay out long-term plans for expansion.



Funded with a $200m loan from Sberbank, Russia’s largest lender, Mr Van Riet’s company has built one of the most cutting-edge warehousing and logistics centres in Russia, designed to help modernise an economy plagued by antiquated infrastructure and years of under-investment.



But just as the park ramped up and companies were moving in, Russia got hit by western sanctions and dropping oil prices."



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