Weekend Economists: See the Kittehs! May24-27, 2013

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75. JP Morgan Hired to Consult Finance Ministry

U.S. lender JP Morgan will act as a consultant to Russia's Finance Ministry with the aim of boosting the country's credit rating and improving the image of the economy as a whole.

The firm was selected based on a number of criteria such as experience and quality of work, including in the Russian market and the proposed strategy of interaction with rating agencies, Vedomosti reported.

...

In February, an agreement was signed by the Economic Development Ministry and the Russian Direct Investment Fund with Goldman Sachs.The investment bank was hired to improve Russia's image overseas and attract institutional investors.

Goldman Sachs will receive a payment of about $500,000 over three years.

Read more: http://www.themoscowtimes.com/business/article/jp-morgan-hired-to-consult-finance-ministry/480483.html#ixzz2UOOiSKqb
The Moscow Times
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If I were an average working Russian, I would look at this as a greater threat than all the nuclear missiles ever built, I think.