News / Europe

Russian President, California Governor Look for High-Tech Trade

California Gov. Arnold Schwarzenegger, front left, and Russian President Dmitry Medvedev attend a round table discussion for U.S. and Russian investors and computer experts in the Skolkovo Moscow school of management in Moscow, 11 Oct  2010
California Gov. Arnold Schwarzenegger, front left, and Russian President Dmitry Medvedev attend a round table discussion for U.S. and Russian investors and computer experts in the Skolkovo Moscow school of management in Moscow, 11 Oct 2010

California's governor and prospective investors from Silicon Valley are in Russia looking for business opportunities.

"I have to say that I love places where there is an extraordinary potential and I think when I look at Russia I think the potential for growth and for, I mean really blowing this thing up, the economy, is just so extraordinary," said Arnold Schwarzenegger. "I mean there are so many opportunities here in Russia, that you just look at this and say, 'Oh my God.'

With that, California Governor Arnold Schwarzenegger announced his intent to get American businesses to invest in Russia's information technology sector.

Schwarzenegger was in the former Soviet Union as a return gesture to Russian President Dmitry Medvedev's visit to the Silicon Valley earlier this year. During Mr. Medvedev's visit, he appealed for technical capital and American know-how.

Schwarzenegger led a delegation with representatives from high-tech companies, including the likes of Google, Oracle and Microsoft to Moscow. In discussions with Russia's president, Schwarzenegger talked about the importance of American's setting up shop in the Russian Federation.

"We are very happy to help in this process because as said we are the best in the world when it comes to this, I mean when it comes to biotech, to nanotech, high tech, green tech," he said. "You know there is no one like us, but we are not like holding on to our knowledge. What we want to do, we want to spread it around the world."

But political analyst Masha Lipman, with the Carnegie Center, says it is not easy to get started or stay in business in Russia.

"Risks are indeed high. Russia is not a law-governed place. Russia is a place where decisions are taken in a non-transparent fashion," said Lipman. "Russia is a place where businesses may fall out with the government and the government may take measures. Russia is a country in which government decisions are not contested. This of course creates a climate this is not auspicious, that is unpredictable."

American Chamber of Commerce in Moscow President Andrew Sommers agrees with Lipman and attributes some of the difficulties of operating in Russia to a sort of schizophrenia between the government and its attempts at modernization.

"Russia is trying to develop its own industries so it is not totally dependent on foreign investment, but at the same time exploit foreign investment and high-tech," he said.

President Medvedev has said several times this year that modernization and foreign expertise is important to the Russian economy. Mr. Medvedev promises Russia is committed to joining forces with the United States.

He says, he would like to say once again that Russia is very much interested in America's immense experience, and that Russia is not shy of learning. He says Russia must admit that in many spheres Moscow is behind Washington, and he hopes very much that the co-operation will bear fruit.

part of Mr. Medvedev's modernization plans, a new technology center on the outskirts of Moscow was created earlier this year. The facility, in Skolkovo, has been nicknamed Russia's Silicon Valley.

In addition to creating Skolkovo, Russia has also given $10 billion to innovation investment fund Rusnaro. The fund is run by a group that is financing nearly 100 high-tech products in partnership with the former Soviet Union and foreign firms.

Meanwhile, the U.S. group Cisco, says it will invest $1 billion in Russia during the next decade.

You May Like

Video Migrants Caught in No-Man's Land In French Port

The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching 'Fortress Europe' More

Video Westgate Mall Attack Survivors Confront Painful Memories

On anniversary of terror attack, survivors discuss how they have coped with trauma they experienced that day More

New Hints That Dark Matter Exists

New evidence from International Space Station hints at existence of dark matter and dark energy More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Migrants Caught in No-Man's Land Called Calaisi
X
Lisa Bryant
September 19, 2014 5:04 PM
The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching Europe. And for those forunate enough to reach a place like Calais, France, only find that their problems aren't over. Lisa Bryant has the story.
Video

Video Migrants Caught in No-Man's Land Called Calais

The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching Europe. And for those forunate enough to reach a place like Calais, France, only find that their problems aren't over. Lisa Bryant has the story.
Video

Video Westgate Siege Anniversary Brings Back Painful Memories

One year after it happened, the survivors of the terror attack on Nairobi's Westgate Shopping Mall still cannot shake the images of that tragic incident. For VOA, Mohammed Yusuf tells the story of victims still waiting for the answer to the question 'how could this happen?'
Video

Video Militant Assault in Syria Displaces Thousands of Kurds

A major assault by Islamic State militants on Kurds in Syria has sent a wave of new refugees to the Turkish border, where they were stopped by Turkish border security. Turkey is already hosting about 700,000 Syrian refugees who fled the civil war between the government and the opposition. But the government in Ankara has a history of strained relations with Turkey's Kurdish minority. Zlatica Hoke reports Turkey is asking for international help.
Video

Video CERN Accelerator Back in Business

The long upgrade of the Large Hadron Collider is over. The scientific instrument responsible for the discovery of the Higgs boson -- the so-called "God particle" -- is being brought up to speed in time for this month's 60th anniversary of the European Organization for Nuclear Research, known by its French acronym CERN. Physicists hope the accelerator will help them uncover more secrets about the origins of the universe. VOA’s George Putic reports.
Video

Video Whaling Summit Votes to Uphold Ban on Japan Whale Hunt

The International Whaling Commission, meeting in Slovenia, has voted to uphold a court ruling banning Japan from hunting whales in the Antarctic Ocean. Conservationists hailed the ruling as a victory, but Tokyo says it will submit revised plans for a whale hunt in 2015. Henry Ridgwell reports from London.
Video

Video Russian Economy Reeling After New Western Sanctions

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.
Video

Video Belgian Researchers Discover Way to Block Cancer Metastasis

Cancer remains one of the deadliest diseases, despite many new methods to combat it. Modern medicine has treatments to prevent the growth of primary tumor cells. But most cancer deaths are caused by metastasis, the stage when primary tumor cells change and move to other parts of the body. A team of Belgian scientists says it has found a way to prevent that process. Zlatica Hoke has more.
Video

Video Mogadishu's Flood of Foreign Workers Leaves Somalis Out of Work

Unemployment and conflict has forced many young Somalians out of the country in search of a better life. But a newfound stability in the once-lawless nation has created hope — and jobs — which, some say, are too often being filled by foreigners. Abdulaziz Billow reports from Mogadishu.
Video

Video A Dinosaur Fit for Land and Water

Residents and tourists in Washington D.C. can now examine a life-size replica of an unusual dinosaur that lived almost a hundred million years ago in northern Africa. Scientists say studying the behemoth named Spinosaurus helps them better understand how some prehistoric animals adapted to life on land and in water. The Spinosaurus replica is on display at the National Geographic museum. VOA’s George Putic has more.
Video

Video Iraqi Kurdistan Church Helps Christian Children Cope find shelter in churches in the Kurdish capital, Irbil

In the past six weeks, tens of thousands of Iraqi Christians have been forced to flee their homes by Islamic State militants and find shelter in churches in the Kurdish capital, Irbil. Despite U.S. airstrikes in the region, the prospect of people returning home is still very low and concerns are starting to grow over the impact this is having on the displaced youth. Sebastian Meyer reports from Irbil on how one church is coping.
Video

Video NASA Picks Boeing, SpaceX to Carry Astronauts Into Space

The U.S. space agency, NASA, has chosen Boeing and SpaceX companies to build the next generation of spacecraft that will carry U.S. astronauts to the International Space Station by the year 2017. The deal with private industry enables NASA to end its dependence on Russia to send space crews into low Earth orbit and back. Zlatica Hoke has more.
Video

Video Future of Ukrainian Former President's Estate Uncertain

More than six months after Ukraine's former President Viktor Yanukovych fled revolution to Russia, authorities have yet to gain control of his palatial estate. Protesters occupy the grounds and opened it to tourists but they are also refusing to turn it over to the state. VOA's Daniel Schearf reports from Mezhigirya, just north of Kyiv.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid