Russia Is a Difficult Place to Do Business: Tinkov

The video discusses the significance of the Russian President's upcoming speech, the volatility of the ruble, and the central bank's response to stabilize it. It highlights the challenges of doing business in Russia due to unpredictability and the impact of the ruble's decline on Russian citizens, particularly those traveling abroad.

What is the central bank's stance on managing the ruble's volatility?

• They will fix the ruble's value to the euro.

• They will increase interest rates to stabilize the ruble.

• They will manage the ruble like other central banks but intervene if necessary.

• They will not intervene under any circumstances.

What is a major challenge for businesses operating in Russia?

• Stable currency

• Lack of competition

• Rapid and dramatic changes

• Predictable economic environment

How has the business planning horizon changed in Russia?

• It has become slightly longer, from months to a year or two.

• It has extended to decades.

• It remains unchanged.

• It has shortened to weeks.

How does the decline of the ruble affect regular Russian consumers?

• It leads to increased travel costs within Russia.

• It significantly impacts their daily expenses.

• It has little effect unless they buy imported goods.

• It causes a rise in domestic product prices.

What percentage of Russians hold passports and travel abroad?

• 50%

• 25%

• 10%

• 5%