Moscow Tech Park Attracting Western Companies Despite Economy, Sanctions

April 06, 2015 10:25 PM
This program will begin at
This program has ended and is being processed for playback.

Russian authorities are describing the country's economic downturn and Western sanctions against it as opportunities to reduce its reliance on energy exports by developing domestic, innovative industries. To spur the growth of high-tech industries, one technology park developed by Moscow city authorities is attracting Western companies that have their eyes on the Russian market. Daniel Schearf reports from Moscow on the challenges posed by a lack of market development and the sanctions.