Russian intermediaries offer all kinds of goods

Eesti Express, Nr. 18 (82), May 17, 1991 · by Jaak Kaljo

Moscow intermediary entrepreneurs' interest in Estonia has begun to grow rapidly. The complicated financial situation often turns stock exchange transactions into barter, where all options are on the table.

The Moscow cooperative Mosremstroj was established three years ago. Initially, they were engaged in housing repairs under contract to accumulate initial capital. Then the company moved on to the Moscow Commodity Exchange, having previously acquired a stake in a Latvian commercial bank.

Several significant exchanges are already operating in Russia in Moscow, Leningrad, Karaganda — and a wide selection is offered everywhere.

Russian entrepreneurs are optimistic. If six months ago society was suspicious of cooperatives, according to Konstantin Shvarts, people have begun to understand the inevitability of capitalism. In Moscow, the October district has become the center of entrepreneurship, where the "Club of Young Russian Millionaires" is also registered.

"The people support the Russian government and Yeltsin,"

"Gorbachev is only holding on with the support of the KGB."

The young entrepreneur with a physics education does not doubt his success: in his opinion, Russia is ready for a new economic model.

— Jaak Kaljo