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Mobius Bullish on Russia

The Russian market continues to offer investors great prospects, renowned investor Mark Mobius said Wednesday.

"In Europe, we will continue to closely watch the region's emerging markets, particularly Romania, Russia and Poland," Mobius wrote on his blog. "I'm also very excited about Russia, where we see high growth potential, particularly in the agriculture, natural resources and oil sectors," he said.

Regarding debt problems in developed countries, Mobius said, the situation in the United States is more serious than that in the euro zone, both from the standpoint of scale and that of potential impact on the world economy. The world's attention should be focused on the U.S. debt crisis, he said.

(Interfax)

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