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"Winston Churchill said, Russia is a question within a puzzle within an enigma" I have no quarrel with his definition. But, Russia is changing,albeit for the worse at the moment. Isolation is giving way to education and information. The World Wide Web will be Russia's interstate highway system. There is an inevitability about economic reconstruction but as of May 1997 Russia has not yet hit bottom nor is its government democratic or representitive of its electorate. Law is still an instrument of oppression of the oligrachy.
As of yet, Russia does not believe in its potential prosperity. Like a parasite it consumes itself from within. F.M. Dostoevsky said "Feed men, then ask of them virtue." In that sense patience is required, but not tolerance. Dostoevsky said a number of pertinent things "Good fortune is not fortune itself, but its achievement", and perhaps most appropriate: "If you were to destroy in mankind the belief in immortality, not only love but every living force maintaining the life of the world would at once be dried up". Voltaire also HAS A POINT ... "It is dangerous to be right when the government is wrong."
In the final analysis Russia ultimately has no place else to go but up, and won't be able to avoid it, after it hits bottom. While that day has not yet come, it is not far away. Unlike post World War II Europe and Japan, Russia cannot reconstruct itself. It lacks a frame of reference or a power structure with that intention. When learning something new one often have to give control to someone else. The possibility for such a decision still remains only a possibility. The real light has not yet dawned in Russia. But the absence of alternatives makes me optimistic."
DR PYOTR JOHANNEVICH VAN DE WAAL-PALMS
In 1989 Dr. Pyotr Johannevich van de Waal-Palms and Michael Mandeville were invited by the Government of the Soviet Union to come to Moscow and Leningrad to lecture about market economy business practices at the Moscow Business School and Leningrad Management School. Thus began the work of Dr. Palms to become THE PORTAL TO RUSSIA.
More than 500 Russian General Directors attended these early lectures which expanded to include the Russian Academy of Science (following the dissolution of the Soviet Union and the emergence of the Russian Federation).
In many ways Dr. van de Waal-Palms was a logical choice. European by birth, he has 35 years of experience as President of Palms & Company, Inc., Investment Bankers, in corporate finance, international trade, and venture capital, both in the United States and in third world countries. He also has experience as a consultant to the U.S. Department of Commerce, Small Business Administration, Office of Economic Development, Community Services Administration, Minority Business Development Agency and Bureau of Indian affairs in inner city and rural area minority business development.
Dr Palms accompanied the first trade missions to Russia, which included participants such as The Boeing Company, Paccar, Louisiana Pacific, ARCO and 125 other U.S. companies, who left Seattle in 1990 on a chartered Aeroflot aircraft, the first to land in the United States.
His travels in those years took him as far East as Yuzhno Sakhalin, Magadan, Vladivostok, Provedeniya, Anadyr and Khabarovsk and as far West as Leningrad which was to become again St. Petersburg. He addressed the Executive Committees (State Legislatures) of Magadan and Khabarovsk in 1991 and was the first to gain admission to the formerly closed city of Vladivostok.
In 1990 Palms & Company became the first U.S. firm to open ruble denominated bank accounts with Vostokinvestbank in Vladivostok and KolymaBank in Magadan. Accounts were subsequently opening with Mossbusinessbank in Novosibirsk and Sberbank in St. Petersburg. An affiliate, United States Interbank Currency Exchange began to provide convertibility of rubles to dollars as early as 1991.
In 1991 Palms & Company became the first 100% U.S. owned firm to be licensed by the Ministry of Foreign Economic Relations to do business in Russia. Palms & Company further built good will by delivering more than 1000 Bibles, printed in the Russian language to Russia and in providing donations of urgently needed medical supplies and clothing.
In 1992 another affiliate, United States Fur Exchange, became the first Western company to export sable fur pelts from Russia to the United States. In that same year Dr. Palms participated as an invited delegate to the Yeltsin-Clinton Summit in Vancouver, Canada. At the invitation of William H. Donaldson, President and CEO of the New York Stock Exchange he participated in meetings in the board-room of the NYSE together with Deputy Prime Minister of the Russian Federation, Anatoli Borisovich Chubais, U.S. Ambassador Arthur A. Hartman and the CEO's of America's fifty largest corporation.
During these years Dr. Palms served as advisor to President Yeltsin's Counsel of Economic Advisors, Viktor Chernomyrdin, the Prime Minister of Russia, Aleksandr Livshits, leader of the President's group of experts, and Oleg Ivanovich Lobov, Chairman of President Yeltsin's Council of Economic Advisors.
In his many travels through the 89 administrative regions of Russia Dr. Palms provided advice to Mayor Blinov of Vladivostok and his successor Mayor Efremov, and participated in investments in the forest industry in Sakhalin; the fishing industry in Nakhodka and in various other industries throughout Russia including:
Palms & Company was the first Western investment banking firm to publish full page, four color, monthly, investment banking advertisements in Russian business magazines such as Delovi Luydi and "We" published by Hearst Publishing Company.
Palms & Company provided investment banking advice to Alexander Ermishen, the genral director of the YAK Aircraft factory in Saratov and to the Ministry of Food of Armenia. In 1993 and 1994 it began to provide distance education in business management and public policy over the "Internet" to government officials and directors of commercial enterprises. Dr. Palms become a regular contributing writer to more than 25 Russian newspapers with a circulation of more than 6 million copies daily. His informative articles about Russian economics, politics, law and commerce are still widely published in Russia and the United States, His web pages appear on more than 50 Russian webservers. Several hundred economicsts. educators and "Fortune 500" company executives subscribe to Palmsrus-list a private advisory listserver.
During the period from 1989 to 1996 Palms & Company expanded its presence in both the Russian and CIS-NIS market and established representation and communication facilities in Moldova, Lithuania, Russia, Chelyabinsk, Kirov, Murmansk, St. Petersburg, Irkutsk, Kaluga, Kazan, Moscow, Novosibirsk, Nishni-Novgorod, Saratov, Togliatti, Vladivostok, Sakhalin, Khabarovsk, Ukraine, (Cherkassey, Kiev, Dnepropetrovsk, Kharkov), Kazakhstan,
The collaborators of Palms & Company in Russia were the founders of"PromStroyBank of Russia", "MossbusinessBank", "Russian National Commercial Bank""RosNegteGasStroy", Exchanges RTSB, MBB, SPbFB, RFB, "System of Electronic Banks & Exchanges" (SEBB), "Interprivatization Fund".
Palms & Company, Inc.,Investment Bankers (russia@aa.net) is listed in the following directories and books which are available at most Western public libraries.
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