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Russia’s embrace of international capital markets since the end of the Cold War has at times been hard to believe. A country previously pitted so aggressively against capitalism has seen companies across its economy venture out into the world for stock listings, bond deals and acquisitions, signaling its enthusiasm for red-blooded dealmaking.
Western capitals such as London and New York have profited handsomely from the Russian gold rush, providing the investment banking infrastructure needed to raise funds and give advice to rapidly growing companies from the former communist state.
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