The Commonwealth Independent States (CIS) could readily be described, as Russia was, back in 1939; ‘a riddle wrapped in a mystery inside an enigma’. However, a century on, the same constituent state has become a lauded nest of potential, renowned across industry thanks to the ‘BRIC’ quartet.
With GDP growing by 11.7% in 2010; the largest oil output of any nation, at a staggering 10 million barrels per day; the world’s second largest rail network and navigable waterways bettered only by China, it is no surprise that investment is heading to the CIS.
This hot topic takes inspiration from those companies who have succeeded in breaching this unique market, asking the key questions – Why focus here? What challenges does it pose? And how can the industrial gases sector realise the potential?
Understanding the hurdles
Although a wealth of resource welcomes industry, the CIS region is still comparably young. Indeed the period between 2003 and 2005 saw three member states undergo political change by revolution.
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