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Russia is turning the economic corner

As I waited for my meeting counterpart in Moscow recently I had half an hour to spare, so I strolled across the bridge towards Red Square. To my left, the glittering domes of The Kremlin, to my right one of the biggest building projects I have ever seen. The erstwhile site of the infamous Rossiya Hotel, once the biggest hotel in Europe and possibly also the worst. And as I gazed down I saw paving being laid, water pipes emerging where trees would be planted and it all looked huge. But unlike past examples of Russian investment, the growing expanse of paving was being laid with high quality granite. 

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