June 06, 2002
United States Recognizes Russia as a Market Economy

Interesting article in today's Seattle Times. I was surprised to discover that private enterprise accounts for 70% of Russia's economic output. Granted, it's 70% of a much smaller pie (than before their economy imploded), but it's still far higher than I would have guessed, had someone asked me. Although it has caused a few howls from some industries that are not competitive with Russia, it is a good deal for Russia, and for us. Cementing our economic ties will allow more stable investments in Russia by US companies.

posted on June 06, 2002 08:31 PM


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