If Russia had a revolution what color would it be?

EDITORIAL FOREWORD
Jonti Small, Managing Editor

UFG leading the way on IPOs
Ilya Sherbovich, President and Head of Investment Banking, United Financial Group

RUSSIA’S CONTINUED RE-EMERGENCE INTO THE WORLD ECONOMIC COMMUNITY
Roger Munnings, Managing Partner
of KPMG’s Russia/CIS region

SHADES OF REVOLUTION

“IF IT HAPPENED IN UKRAINE, OF COURSE IT CAN HAPPEN IN RUSSIA” Sergei Markov, Director of the Institute of Political Studies

“A RIGHT NOT TO BECOME A COLONY”
Boris Yakimenko, First deputy head of Iduschie Vmeste

“IF YOU CAN’T RULE, YOU CAN’T CONTINUE RULING FOR VERY LONG”
Dr Anders Aslund, Director, Russian and Eurasian Program, Carnegie Centre

“REDUCING THE OLIGARCHS’ STRANGLEHOLD”
William Browder, CEO, Hermitage Capital Management

“YOU CAN’T ALLOW THE PLUNDERING OF NATIONAL WEALTH”
Eduard Limonov, Head of the National Bolshevik Party

“RUSSIA HAS HAD A TENDENCY TO STAGNATE”
Alexei Bayer, President, Kafan FX Information Service

“THE OPPOSITION IS THE COUNTRY’S ENTIRE CIVIL SOCIETY”
Ilya Yashin, Leader, Youth Yabloko

AUTHORITARIANISM OR DEMOCRACY?
Julia Tseplyaeva, Head of Research, ING Bank (Eurasia) ZAO

“RUSSIA WILL MOST LIKELY UNDERGO AN ORANGE EVOLUTION”
Vlad Sobell, Senior economist, Daiwa Institute of Research

NOT JUST TALKING, BUT ACTING
Natalie Jaresko, President and CEO, Western NIS Enterprise Fund

RULES OF THE GAME, NOT REVOLUTIONS
Svetlana Babayeva, Chief of London Bureau, RIA Novosti

“2005 WILL BE A VERY BUSY YEAR”
Sergei Vasiliev, chairman of the Committee on Financial Markets

ON THE PATH OF MODERNISATION AND ECONOMIC REFORM
Sir Roderic Lyne, Special Advisor to HSBC

PENSION REFORM
Bernard Sucher, Chairman of the Board of Directors of Alfa Capital Management

HIGHLAND’S GOLD FORMULAS
Dmitry Korobov, Managing Director of Highland Gold Mining

“WE DON’T WANT TO PUT ALL OUR EGGS IN THIS BASKET”
Ken Baksh, Fund Manager, Strategic East European Fund

PROGRESS HAS BEEN MADE
Nick Hawkins, PWC Russia & Central Europe

REFLECTING ON RUSSIA: INVESTMENT DESTINATION SURVEY
Peter B. Necarsulmer, Chairman & CEO, The PBN Company

RUSSIA IS BOOMING AGAIN
Elena Kirillova, Consultant specialising in Russia and the CIS, Denton Wilde Sapte

A PROJECT OF NATIONAL IMPORTANCE
Vladimir Kremer, President of Komi Aluminium

“IMPLEMENTATION OF REFORM WILL BE ESSENTIAL”
Natasha Page, Managing Director, Fitch Ratings

“THE PEOPLE WHO ARE MOST NEGATIVE ABOUT THE INVESTMENT CLIMATE ARE ALSO THE MOST PUBLIC”
Bob Foresman, Managing Director, Head of Investment Banking in Russia, DrKW

“WHERE THERE IS MORE THAN ENOUGH BUSINESS”
Boris Krasnyansky, CEO, IFD Kapital

A NEW ‘BERLIN WALL’
Vladimir Melnikov, Director of Corporate and Public Affairs, Mmd Russia

PULLING YOUR SOX UP
Charlotte Crosswell, Head of NASDAQ International

RUSSIA TODAY IS A RARE PLACE
Nicholas Jordan, Vice Chairman, Global Banking

KYOTO PROTOCOL: A NEW TOOL FOR INVESTORS
Ivetta Gerasimchuk

“SOME ACQUISITION TARGETS COULD BE OF HUGE INTEREST”
Roland Pirmez, CEO Heineken Russia

BRIDGING THE GAP BETWEEN THE OLD AND EMERGING EUROPE
Otto Jochems, Founder and Partner of Result!Consult

RUSH IN AT THE EDGE
Richard Hainsworth, CEO RusRating

AN ENTIRELY NEW BANKING HISTORY
Ilya Yurov, chairman of the board of directors, Trust Investment Bank

DEVELOPING FASTER
Sergey Leushkin, Private Banking, General Director, Bank Zenit

MAXIMIZING PROCEEDS FROM SVYAZINVEST
Tom Adshead, Head of Research, Metropol

RUSSIAN TECHNOLOGY VENTURE CAPITALIST
Harry Fitzgibbons, Managing Director, The Russian Technology Fund

PROFITING FROM OUTSOURCING
Sergei Kravchenko, President, Boeing, Russia

PREPARING FOR A BOOM
Stephan Dertnig, Vice President, BCG

WESTERN INVESTORS ARE CRITICAL
Mikhail Slobodin, Director General, Integrated Energy Systems

“WE MIX THE BEST OF BOTH WORLDS”
Dale Rollins, CEO, Salym Petroleum

A NEW BUSINESS MODEL FOR NEW MARKETS
Mahul Raval, Director of Operations, and Klaus Reinisch, Business Development Manager, Gazprom Marketing & Trading

CHANGES IN RUSSIAN OIL AND GAS LEGISLATION
Pavel L. Bakoulev and Jonathan D.Cahn, Coudert Brothers

THE WORLD’S FIRST SUPER-LUXURY HOSPITALITY GROUP
Darius Sanai speaks to the chief executive of the Maybourne group