Defense Ministry confirms Iran successfully test-fires sea-launched cruise missileMilitary & Defense February 27, 12:06
Kazakhstan's leader says Moscow, Astana achieved perfect relations over 25 yearsWorld February 27, 11:55
Diplomat says military presence in Iraq unacceptable without authorities’ permissionRussian Politics & Diplomacy February 27, 11:20
Ex-finance minister does not rule out income tax hike for boosting Russia’s budget revenueBusiness & Economy February 27, 11:13
Putin says Astana talks set up mechanism for monitoring Syrian ceasefireRussian Politics & Diplomacy February 27, 10:54
Russian diplomat believes Kurds need to join intra-Syrian talks in GenevaRussian Politics & Diplomacy February 27, 10:11
Russian combat engineers continue mine clearance operation in eastern AleppoMilitary & Defense February 27, 8:46
‘Moonlight’ takes Oscar for best picture instead of earlier announced ‘La La Land’Society & Culture February 27, 8:25
Oscars 2017: Casey Affleck, Emma Stone win Academy awards in best actor and actressSociety & Culture February 27, 8:08
VIENNA, March 30. /TASS/. US billionaire financier George Soros said in an interview with Austrian newspaper Der Standard on Monday he is ready to invest some $1 billion in the Ukrainian economy.
The 85-year-old Hungarian-born American business magnate, who has made fortune on the stock exchange, said he would pour funds if Western countries helped Ukraine improve its investment climate.
"The West can help Ukraine by increasing its attractiveness in the eyes of investors. A political risk insurance is necessary," Soros said. "I’m ready. There are certain investment ideas, for example in agriculture and infrastructure projects. I would invest $1 billion," he added.
Soros, who owns a number of investment funds, made more than $1 billion by betting on the devaluation of the pound sterling in 1992. London later called this operation "a plot of Soros against the pound sterling."
The financial trader has amassed a great amount of wealth through various financial speculations and in particular getting "inside information."
Soros’s hedge fund was involved in a $4 billion bet that the Thai baht currency would fall sharply in 1997. Malaysia’s Prime Minister Mahathir bin Mohamad then accused Soros of masterminding a currency crisis in the countries of the Association of Southeast Asian Nations (ASEAN).
During the August 1998 crisis in Russia, Soros made a public call for the ruble devaluation.
In 2002, a Paris court ordered Soros to pay a €2.2 million fine convicting the financier of insider trading that had allowed him to make money out of speculations with shares of French bank Societe Generale.
Soros-affiliated organizations are operating in around 30 countries, including Ukraine. In 1997, the Soros Foundation was expelled from Belarus. In 2003, Soros scaled down his activity in Russia.