Russia’s retail investment boom has been a long time coming. For years, brokers and policymakers exhorted the country’s citizens to put their savings into its capital markets but without success. High-yielding bank deposits and real estate remained the repository of choice, with investing a distant third place.
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“After the first privatization boom in the early 90s, every year people were expecting retail investment to take off in Russia,” says Roman Zilber, head of retail at Raiffeisenbank in Moscow.
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