Category Archives: Business

Strategic Sectors Law Update – First Commission Meeting of 2014

On June 26, 2014, PM Medvedev chaired the first 2014 meeting of the Commission on Foreign Investment. At the meeting, several deals were discussed/approved and amendments to the Strategic Sectors Law were discussed. According to public sources, the following deals … Continue reading

Posted in Business, Business and Economy, Dmitry Medvedev, economics, FAS, Foreign direct investment, foreign investment, Gazprombank, legal update, legislation, oil, pharma, russia, strategic industries | Leave a comment

The Matrix Strikes Back – the Sanctions and Russia’s Post-US Economic Model

Everyone agreed that the first round of Russia sanctions were laughably ineffective, aimed at a motley assortment of Kremlin B-teamers, whom Putin demoted to limit the damage they can cause and about whom Putin couldn’t care less. The second round … Continue reading

Posted in Business, Business and Economy, Chemezov, clans, corruption, Dmitry Medvedev, Economic development, economics, Foreign direct investment, foreign investment, foreign policy, goskorporatsii, Government of Russia, Medvedev, offshore, power vertical, Putin, Putin's Plan, Rotenberg, rule of law, russia, Russian economy, siloviki, state corporations, strategic industries, Timchenko, u.s.-russia relations, Vladimir Putin | 4 Comments

Strategic Sectors Law Update – First Commission Meeting of 2013 and Amendments to Law

On April 19, PM Medvedev held the first Foreign Investment Commission meeting of 2013. At the outset, Medvedev noted that Russia received over $50 bln in FDI inflows over the course of 2012. This statement is drawn from Central Bank … Continue reading

Posted in Business, Business and Economy, Economic development, economics, Foreign direct investment, foreign investment, Government of Russia, Law, legal update, legislation, pharma, russia, strategic industries

Should You Hire a Corrupt Manager in Russia?

That’s the provocative question raised by Prof. Maxim Mironov of IE Business School in a new paper, which I came across via this post at the Wall Street Journal. In short, Mironov concludes that yes, on occasion, it is worthwhile … Continue reading

Posted in bribery, bribes, bureaucracy, Business, compliance, corruption, officials, rule of law, russia | 1 Comment

What to Make of Putin’s Anti-Offshore Crusade

Last month, PM Putin addressed the Government Commission on Electricity Generation. At the meeting, Putin launched into a searing critique of Russian companies using offshore “front companies.” Indeed, Putin noted, “Taking the Russian economy and its strategic sectors out of … Continue reading

Posted in Business, Business and Economy, corruption, Dmitry Medvedev, Gazprom, goskorporatsii, legal update, offshore, PM Putin, President Medvedev, Rostekhnologii, russia, state corporations, utilities companies, Vedomosti, Vladimir Putin, war on corruption | 2 Comments