Arnie muscling in on Russia
By Mansur Mirovalev |
October 12, 2010, Tuesday
|
Print Edition
Print Edition
CALIFORNIA Governor Arnold Schwarzenegger praised Russia yesterday as a "gold mine" for foreign investors, during a trade mission to help expansion of Silicon Valley companies.
Schwarzenegger has taken along a delegation of Silicon Valley business leaders and venture capitalists to help them establish connections in Russia, which has launched its own technological hub.
Schwarzenegger praised Russian President Dmitry Medvedev as "one of those great visionaries" and hailed Russia's investment opportunities.
The Russian president visited Silicon Valley in June and has launched the nation's own version of it in Moscow's suburb of Skolkovo.
"The potential for growth is so extraordinary, it's like looking at a gold mine," said Schwarzenegger, who was to tour Skolkovo with Medvedev later yesterday. "All you've got to do is to go in there and get it."
Analysts have been more skeptical about Skolkovo, warning that Russia needs to offer more transparent rules for business and to reform its corruption-tainted judicial system to attract more foreign investment.
Schwarzenegger didn't address any of these concerns during a breakfast with United States businessmen, emphasizing instead Russia's vast potential. "The Russian people are extraordinary, and it comes to ingenuity and technology and sciences," he said. "So with those minds and our minds put together, one and one becomes three, magical things. California is a state that has a lot to offer."
Officials from Internet search engine Google Inc, software-makers Oracle Corp and Microsoft Corp, biotechnology company Amgen Inc, and fuel-cell technology startup Bloom Energy are among those accompanying Schwarzenegger on his trip.
Schwarzenegger said he was thrilled to be back in Moscow, which he visited while starring as a Soviet cop in the 1988 movie "Red Heat."
Schwarzenegger has taken along a delegation of Silicon Valley business leaders and venture capitalists to help them establish connections in Russia, which has launched its own technological hub.
Schwarzenegger praised Russian President Dmitry Medvedev as "one of those great visionaries" and hailed Russia's investment opportunities.
The Russian president visited Silicon Valley in June and has launched the nation's own version of it in Moscow's suburb of Skolkovo.
"The potential for growth is so extraordinary, it's like looking at a gold mine," said Schwarzenegger, who was to tour Skolkovo with Medvedev later yesterday. "All you've got to do is to go in there and get it."
Analysts have been more skeptical about Skolkovo, warning that Russia needs to offer more transparent rules for business and to reform its corruption-tainted judicial system to attract more foreign investment.
Schwarzenegger didn't address any of these concerns during a breakfast with United States businessmen, emphasizing instead Russia's vast potential. "The Russian people are extraordinary, and it comes to ingenuity and technology and sciences," he said. "So with those minds and our minds put together, one and one becomes three, magical things. California is a state that has a lot to offer."
Officials from Internet search engine Google Inc, software-makers Oracle Corp and Microsoft Corp, biotechnology company Amgen Inc, and fuel-cell technology startup Bloom Energy are among those accompanying Schwarzenegger on his trip.
Schwarzenegger said he was thrilled to be back in Moscow, which he visited while starring as a Soviet cop in the 1988 movie "Red Heat."
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