Quoteindeed, what do they cover ?soviet-style economics ?There is at least one economic school in Moscow where most of the professors are having PhD from top universities and are active in research see
http://www.nes.ru/en/people/professors/mainThe Graduates of NES are accepted as econom. PhD students to places like Stanford, Harvard, etc. Many graduates are working in the City for Tier1 IB. PS This goes without mentioning that you can get very strong education in probability theory and financial mathematics in Moscow State University. Although it's not that industry oriented as MFE in usually sense.