Hogan Lovells’ Richard Cowie assesses moves by Russia to encourage funds to invest in the national economy

One hundred and forty million consumers, massive foreign reserves and the world’s sixth largest economy. An economy that is expected to see annual average real growth of 4% from 2011 to 2015. This is Russia – one of the most promising of the BRIC markets. Investors are traditionally cautious about investing into Russia, with concerns centring on transparency issues.