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What's not to like about investing in Russia?
Promoters say Russia has 4% GDP growth...holds $500bn in reserves...with a GDP that will double to $3.2bn in 4 years to 2015...at faster pace than China.
Others, however, point out the "Putin discount"...worries that his return to the presidency next year will only bring a new stagnation.
There are also internal skeptics.
"Russia is facing decline -- it is the Brezhnev way or the Gorbachev way," claims economist Sergei Aleksashenko.
"The Western world needs the theatrical narrative to follow Russian politics. Our view is that there isn't that much difference between them," said economist Liam Halligan.
