brother in Russia?

Filed under: Global Business — November 26, 2007 @ 8:41 pm

About the time the Soviet Union broke up (1992) every American of Russian heritage decided that they would trade with Russia. Of course, no one seemed to have any money to purchase products, so they offered a “barter deal” or a “consignment deal” The idea of consignment is that the US ships the goods to Russia. Russian distributors sell the goods in Russia, and then send the money back to the USA to pay for them.

When I told one Russian doctor (who wanted to do a deal like this) how ridiculous this was, he responded that he had a brother in Russia, and therefore I wouldn’t get ripped off. I have a brother in San Francisco. It doesn’t guarantee I won’t lose my shirt there!

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