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Goldman Says Invest in Russia Now, Don’t Wait for Elections

Goldman Sachs Group Inc. is advising clients to avoid delaying investment decisions for Russia until it becomes clear who will be the next president in elections in March.

“There’s not a lot of wisdom to wait,” said Christopher Barter, co-chief executive officer for Goldman’s Russia unit, at a conference in St. Petersburg today. “Our advice to clients who think there could be a dramatic change is not to wait. The opportunities are enormous and valuations are very attractive.”