This study describes Russian managers' perceptions of prospective Russian-US joint ventures. It provides insights into the benefits, expected problems, preferred structures and strategy, equity and managerial control, and intended managerial styles of future Russian-US joint ventures, as reported by 226 Russian public sector managers in the period between 1992 and 1995. Russian managers exhibited much understanding of and high motivation for entering into joint ventures with US companies, a promising beginning to such enterprises.