Category Archives: Business

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

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

2012 Presidential Campaign Launches in Russian Style – Part II

[TRM's second installment on recent events in Russia] Medvedev made quite a few headlines two weeks ago with a series of moves that signaled a renewed push to ‘improve the investment climate’ in Russia.  This is, of course, not a … Continue reading

Posted in Business, clans, compliance, corruption, Foreign direct investment, foreign investment, goskorporatsii, Government of Russia, Kremlinology, ldpr, Medvedev, oligarchs, PM Putin, power vertical, President Medvedev, Putin, Putin's Plan, rule of law, russia, Russian economy, siloviki, state corporations, strategic industries, tandemocracy, Vedomosti, Vladimir Putin | Tagged , , , , , , | 3 Comments