September 10, 2008 By Citizen M

Economic Tumble has Opportunity for Fresh Start, states Khodorkovsky

As investors worry amidst a near-global economic recession, the Russian government needs to be forthcoming about its actions in order to boost confidence in their market, imprisoned businessman Mikhail Khodorkovsky told The Moscow Times today. The Russian economy has lost billions of dollars on the war in Georgia, and the continued political instability in the affected former Soviet regions doesn’t calm the minds of investors outside of Russia. Foreign investment fell by approximately $20 billion in August, while the stock market has lost billions more – events Khodorkovsky has been closely following in the dozens of publications he receives in his prison cell in the Chita region. “Investors worry most about uncertainty. From my own experience, I know that people will make the worst assumptions if you fail to explain what is happening. That is why restoring trust has to begin with regular, detailed explanations of [the government’s] position“, Khodorkovsky stated in a five-page written response to questions submitted through his lawyers.