Russian economy 'to hit top 10' - JPM

The firms says the nations plans to focus on its huge natural resources sector and transport network could provide promising investment opportunities. Oleg Biryulyov, co-manager of JPM Russian Securities, says he agrees with the views of many commentators who expect the Russian economy to be firmly in the world’s top ten inside 12 months. “Russia stands out among its peers in the Brazil, Russia, India, China (BRIC) markets,” he says. “Not only does it have a big advantage in terms of its huge natural resources sector, it also benefits from a relatively well-developed transport infrast...