Russia’s Greatest Novelists and their masterpieces may be used to guide investors:
“War and Peace, Tolstoy
Just like in Leo Tolstoy’s work, in which the war caused great economic and social destruction but eventually Russia prevailed, the investment backdrop for next year is seen as a “very volatile first half” followed by “a more peaceful second half.”
The Master and Margarita, Bulgakov
the novel’s heroine, is tempted by the promise of an eternal good life just as much as Russia was tempted by “seemingly never-ending oil revenue growth” before 2009.
Crime and Punishment, Dostoyevsky
the preference is to avoid taking any action that may be politically or socially unpalatable,” said Weafer, adding that “eventually they must be confronted,” but this will not necessarily happen next year.
The Queen of Spades, Pushkin,
“The warning is that without reforms, growth may not last,” he added.
Dead Souls, Gogol
the “dead souls” metaphor is “close enough” to the Russian state’s ownership of strategic industries, particularly in oil and gas.
The Cherry Orchard, Chekhov
“Change is inevitable – it is how you handle it that matters,”
A Hero of Our Time, Lermontov
“It will be tough to satisfy the state’s wish to control strategic industries and also to bring in investors,”
Home of the Gentry, Turgenev
there a chance of a return to “a less optimistic and less happy existence full of regret and longing for what might have been?””