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(单词翻译:双击或拖选)
Ukraine Strife1 Complicates2 Investment Climate in Russia
Russia’s recent actions in Ukraine shook investors4 and initially5 sent stock prices down and gold prices up. Investors are also worried about U.S. sanctions and Russian threats to seize foreign assets.
One expert says any impact on the investment climate may be temporary. Foreign investors returned to Russia just a few years after the nation defaulted on debt and fought with neighboring Georgia. One major investor3 who fled Moscow complains that Russia is already a brutal6 place to do business.
Russia’s 2008 war with Georgia drew criticism from Western nations and troubled investors.
It was fought over two breakaway regions of Georgia.
War worries investors because it creates uncertainty7 and greater risk.
Russia’s 1998 default worried investors even more. Some vowed8 never to return to the nation that failed to repay billions of dollars in loans.
But an expert on Ukraine and Russia at the investment advisory9 firm “Motley Fool,” Rich Smith, says investors eventually go wherever there is money to be made.
“U.S. oil companies were still investing in Russia, U.S. consumer goods companies were still selling things into Russia," he said. "People have short memories, big things happen in Russia and they look very big in the short term, but then things get back to normal."
The founder10 of Hermitage Capital Management, William Browder, once had huge investments in Russia. He now says Russia’s investment climate is terrible.
“The rule of law doesn’t exist there, your property rights, completely non-existent," he said. "You could easily lose a lot of money before any of this stuff [the conflict with Ukraine] started happening."
Browder says his attorney Sergei Magnitsky, was beaten in prison and died there. Magnitsky had accused Russian police of corruption12.
According to Browder, corrupt11 officials retaliated13 by accusing Magnitsky and Browder of millions of dollars in tax fraud.
The case prompted Moscow to end U.S. adoptions14 of Russian orphans15 in retaliation16 for Washington imposing17 financial sanctions on Russian officials.
Browder, now in London, says corruption is widespread in Russia. He still faces a lawsuit18 and death threats from Moscow.
“Will the government create such a hostile environment for business, for geopolitics, for people that is it impossible to go there and do business," he said. "And the way it’s going right now, that could easily happen."
In the meantime, tensions over Ukraine are making the investment climate in Russia more complex and difficult.
Washington is imposing new visa restrictions19 and financial sanctions on Russians and others it says threaten Ukraine.
The European Union has frozen the assets of some former Ukrainian officials, while at the same time offering the country billions of dollars in aid.
1 strife | |
n.争吵,冲突,倾轧,竞争 | |
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2 complicates | |
使复杂化( complicate的第三人称单数 ) | |
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3 investor | |
n.投资者,投资人 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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5 initially | |
adv.最初,开始 | |
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6 brutal | |
adj.残忍的,野蛮的,不讲理的 | |
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7 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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8 vowed | |
起誓,发誓(vow的过去式与过去分词形式) | |
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9 advisory | |
adj.劝告的,忠告的,顾问的,提供咨询 | |
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10 Founder | |
n.创始者,缔造者 | |
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11 corrupt | |
v.贿赂,收买;adj.腐败的,贪污的 | |
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12 corruption | |
n.腐败,堕落,贪污 | |
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13 retaliated | |
v.报复,反击( retaliate的过去式和过去分词 ) | |
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14 adoptions | |
n.采用,收养( adoption的名词复数 ) | |
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15 orphans | |
孤儿( orphan的名词复数 ) | |
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16 retaliation | |
n.报复,反击 | |
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17 imposing | |
adj.使人难忘的,壮丽的,堂皇的,雄伟的 | |
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18 lawsuit | |
n.诉讼,控诉 | |
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19 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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