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Strategic Sectors Law Update – Draft Amendments and Commission on Foreign Investment Meeting

Last week, PM Putin chaired the latest meeting of the Commission on Foreign Investment and the following day the draft amendments to the Strategic Sectors Law (SSL) entered their third reading, after languishing in 2nd reading purgatory since the summer. … Continue reading

Posted in Foreign direct investment, foreign investment, legal update, legislation, PM Putin, President Medvedev, prokhorov, Rostekhnologii, russia, strategic industries

Putin to Return to Presidency, Medvedev to be PM

So Russia’s elite has succumbed to ‘Titanic Syndrome’ – hoping to steal a bit more under the existing arrangement rather than squarely confront the serious problems that face their economy/society. It really is an unfortunate choice for Russia and do … Continue reading

Posted in russia | 6 Comments

The Putin Guessing Game

It is getting to be that time of year – it has almost been exactly four years since the last time Putin, then as President, had Russia and many foreign observers on the edge of their seats waiting for any … Continue reading

Posted in Medvedev, Putin, Putin's Plan, russia | 1 Comment

Strategic Sectors Law Update – Second Meeting of 2011

On July 20, 2011, the Commission on Foreign Investments met for the second time this year and reviewed 13 applications from foreign investors wishing to pursue business projects in Russia. Deals Reviewed Total S.A.–20.5%–>OAO “Yamal LNG” This is part of … Continue reading

Posted in Business and Economy, economics, Foreign direct investment, foreign investment, Gazprom, Gazprombank, Law, legal update, legislation, Novatek, offshore, oligarchs, russia, Russian economy, strategic industries, Timchenko

IKEA in Russia – Light at the End of the Tunnel?

It has been six months since I last wrote on IKEA, and I thought it was time to check in on TRM’s favorite foreign investor in Russia.  In December, it appeared that IKEA’s problems were only getting worse.  The whole story … Continue reading

Posted in bribery, bribes, bureaucracy, Business, compliance, corruption, Foreign direct investment, foreign investment, IKEA, Nabiullina, oecd, rule of law | 4 Comments