Jim Rogers advices investors to consider Russia

Something interesting is going on in Russia and Jim Rogers warned the investors not to miss the chance to explore the significant opportunities out there. The famed investor was on a recent visit to Russia and stated that although he refers to Vladimir Putin as a criminal, the president of the country has influenced great progress in the former socialist country.

Jim Rogers pointed out a pool of billions of dollars the government has set aside for investments to be made alongside private investors. He cited his own assessment of the low valuation of the Russian market along with an unfortunate concentration in oil and gas. Although Mr. Rogers is yet to invest in the Russian market, he currently considers it heavily.

Rogers thinks that the country has learned its lessons from the past. This makes it a great investment in the future and Rogers says he is interested in buying the ruble. His ideas were backed up by Todd Berman, Head of Investment Banking at Troika Dialog, who expressed his opinion that Russia's recent entry into the World Trade Organization is a major accomplishment which will help advance reforms that should propel the Russian economy forward.