Russian Trade, Investment and Financial Outlook Analyzed in Chicago

Members of Chicago's business community gathered on November 21, 1996 for a half-day forum titled: "An Update on the Political and Economic Climate in Russia: Trade, Investment and Finance Outlook for 1997". The conference focused on current issues facing investors in Russia, and gave a prospectus and recommendations for the future of conducting business in the former Soviet Union.

Attendees represented a number of industries throughout Chicago, Northern Illinois and Milwaukee, including banking & finance, oil & gas, law, consulting, public relations and shipping. The event featured Yuri V. Akhremenko, Minister Commercial and Trade Representative of the Russian Federation to the USA, who addressed current political and economic issues in Russia and forecast Russia's investment climate for 1997. Mr. Akhremenko underscored the Russian government's focus on becoming a solid, reliable economic entity and creating an environment in which investments are safe and lucrative. He emphasized Russia's status as a rapidly emerging economy and highlighted recent confirmations by Western organizations, such as the International Monetary Fund, that Russia is becoming a country worthy of substantial foreign investment.

Laurie Farris, Trade Specialist for the U.S. Department of Commerce Export Assistance Center, discussed the Center's role as a major supporter of international business development, and outlined opportunities available for financing investment in the NIS. Ms. Farris described the wealth of investment possibilities currently available in the NIS and encouraged attendees to seek additional information from the U.S. government agencies.

Additional speakers included Robert Zafft of McDermott, Will & Emery and Sergei Kouzmine of the American-Russian Trade & Investment Center.

The event was co-sponsored by McDermott, Will & Emery, the Merchandise Mart Properties, Lufthansa, Illinois Department of Commerce & Community Affairs, Rockford Area Council of 100, and the World Trade Center Chicago.