Friday, March 02, 2007

Entering a hot market.

The market is the Middle East. The product is weapons. The supplier is Russia. Consider that Russia has recently sold weapons to Algeria, Libya, Egypt, Yemen, U.A.E., Iran and Jordan. Consider also that they have forgiven billions in debt. They're even trading with Israel, not weapons but gas (almost $2 billion worth).

Powered by oil and gas, the Russian economy has grown from $250 billion GDP in 2000 to a trillion dollars GDP last year. This growth - not much of which has filtered down to the man on the street - has made Russia more aggressive in political ways as well.

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