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Introduction This video looks at the reactions – some positive and some negative - from a...

Introduction This video looks at the reactions – some positive and some negative - from a variety of industry experts on the Russian Government’s plan to develop their financial sector by promoting Moscow as a global financial center. Activity Instructions Analyze the pros and cons of Moscow becoming a successful global financial center.

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Pros of Moscow becoming a successful global financial sector -

A. Foreign funds inflows into the country has risen substantially

B.It had helped in more transparency and liquidity in the Russian stock market

C.It has changed the narrative of military state to a global financial hub in context of Russia

Cons of Moscow becoming a Financial hub-

1. High intervention not political persons and bureaucrats into the transparency of Russian markets

2 .economy is highly dependent on crude oil exports so it is highly sensitive to any movements in crude oil.

3.There is a high level of corruption in the Russia so corporate governance is very low.

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