Vimpel Communications: Compelling Russian Play Poised for Growth

In the world of investing, Russia seems to get ignored. What was once one of the most powerful countries in the world as the U.S.S.R., has been reduced to a third world power. Constant political friction and instability make this a skeptical choice by many, but it shouldn't be.

Russia is well placed in the world of inflation as they are an area of plentiful resources, including the world's second leading producer of oil behind Saudi Arabia. This influx of money flowing into the country has been underestimated. With Europe's outsourcing of manufacuring into countries like Poland and Hungary, what was once very poor, is now developing a middle class. This middle class has developed into a base of customers for many of the existing Russian companies.