The mining investment community, in all its shapes and sizes, is constantly monitoring the globe for potential opportunities. As countries change governments, allegiances and inevitably legislation, the investment communitys perception of what the risks are in each opportunity also changes. As a result, most countries with a reasonable degree of mineral endowment have experienced the sometimes cyclic entry and often rapid exit of mining investor interest and associated capital.Russia, as the largest country on earth and amongst the worlds leaders in production of many mineral commodities, also experienced a minor rush of large-company driven foreign investment interest in the mid 1990s, following the fall of the Soviet Union. Canadas Placer Dome (now Barrick Gold) and their attempt at ownership of the massive 64 Moz Sukhoi Log gold deposit stands out from this period (Northern Miner, 1998). The rush was perhaps premature, as the Soviet Union split apart around this time and Russia soon came to resemble a huge kleptocracy and we witnessed the emergence of the Oligarch. CITATION: Collins, G S and Bowens, T, 2019. Russia open for business, in Proceedings PACRIM 2019, pp 7071 (The Australasian Institute of Mining and Metallurgy: Melbourne).