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Russian Consumers Learn about Credit

More than a decade after the fall of communism, Russian consumers are beginning to learn about credit. In the early years of transition to capitalism, the economy mostly was cash only. Now, Russians are making the transition from paper to plastic. NPR's Lawrence Sheets reports.

Copyright 2003 NPR

Lawrence Sheets
Lawrence Scott Sheets concentrates on covering the Caucasus region of the former Soviet Union from his base in Tbilisi, Republic of Georgia. From 2001 to 2005, Sheets was NPR’s Moscow Bureau Chief, and covered the countries of former USSR, including Russia, Ukraine, and Central Asia. Among major stories Sheets has covered for NPR have been the tragic siege of a school by a pro-Chechen separatist terror group in 2004 in which 330 mostly children were killed, the 6-week long "Orange Revolution" that brought down Ukraine’s old government in 2004, and the "Rose Revolution" in Georgia in 2003. Sheets has also reported for NPR from Iran and Afghanistan. He covered the U.S.-led war in Afghanistan during 2001 and 2002, including the bloody Taliban uprising at a fortress in Mazar e Sharif in which hundreds of people died.Sheets’ reports can be heard on NPR's , All Things Considered, Day to Day, and Weekend Edition.