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Direct investors, such as Swedish furniture chain IKEA, are introducing Russians to new retail experiences |
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In the past few years Russia has been riding favourable global macroeconomic conditions. From now on, though, the going will be tougher. Growth will depend on high levels of investments and dogged institutional and legal reform. It will be a long haul.
“It is not easy to go back to 1999 where most of the growth was import substitution,” says Oleg Vyugin, economic adviser to the government and a former deputy finance minister.
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