Jim Rogers is an American investor who invests in Russia. He revealed that quite recently he became share owner of a Russian company PhosAgro.
This company produces fertilizer, phosphates and feed phosphates. He owns shares of the Moscow Stock Exchange and a paper of Aeroflot.
He added that situation with ruble will eventually improve when oil prices reach a stable point.
He stated that US currency is in crisis since the US national debt and trade deficit are huge. He also said that people are used to buying dollars even though ruble is more stable than dollar.
According to him, another crisis is inevitable and hopefully he will dispose of dollar in time. Similar things happened in Britain, France, Spain and Greece. Stock prices were up for several years until they suddenly reached bankruptcy.
He is quite certain that Asia will become a major partner for Russia in imminent future. If this happens, US will lose their share potential in the Asian market.
3 billion people are a part of the Asian market. So it is better for Russia to turn to Asian market and refuse to be with 1 billion debtors in Europe and the United States.