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Investors should better stay away from the Russian economy, billionaire George Soros warned the world business leaders in Davos.
It's a sinking economy and is being taken in the wrong direction, he said.
It’s not the first time the prominent investor has criticized the Russian authorities. In one of his latest interviews in November 2012, he pointed to mounting repressions against civil activists in Russia.
However, Soros does not plan to wind down his charitable activities here.
Earlier, Goldman Sachs analysts also issued a warning citing uncertainties in a number of industries.
Author: Mikhail Vesely
