Wal-Mart has announced that its new executive will look at the viability of opening a store within Russia. Wal-Mart hopes to expand to Russia, and any of the other European partners that this country trades with.

The new executive Stephan Fanderl has become the presiden of the emerging markets - East division for Walmart. He will have the task of looking to see if Russia will be a profitable country for Wal-Mart to base itself.

At the moment Wal-mart is based in many countries such as Brazil, China, United Kingdom, and has over three thousand stores around the world.

Tags: European Economy News, European Union News //