Urgency Greets Russia's Future

Urgency Greets Russia's Future

With sudden urgency the Kremlin has decided that Russia must modernize its economy to survive in the 21st century, and to do so it must attract capital and know-how from abroad. There are some built-in time parameters to the situation. Russia will hold a presidential election in 2012 and host the Winter Olympics in 2014. Both events will be viewed as judgments on Russia’s progress. The elections can demonstrate political and social progress, while the games will display the country’s wealth and panache. It will also highlight Moscow’s ability to provide security at the games. Sochi is dangerously close to the volatile North Caucasus.

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