Russia will scrap capital gains tax on long-term direct investment from 2011, President Dmitry Medvedev has said.
And as Obama nationalizes the auto industry, the mortgage industry, the health care industry, the student loan industry, etc., Russia is going the other way:
He also said the number of "strategic" firms, in which foreign investment is restricted and which cannot be privatised, would fall from 280 to 41.
And while Obama punishes the private sector to reward government workers, Russia actually wants private industry:
"I would welcome real investors who can build factories, something new in this country."
Where we're going is where Russia is coming from:
Also, many investors have been wary of coming to Russia because of corruption and the dominant role the state plays in Russia's business life.