Category Archives: Business

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

Strategic Sectors Law Update – Draft Amendments and First Meeting of 2011

Strategic Sectors Law Amendments On February 17, the Russian government submitted amendments to the Strategic Sectors law.  The only substantive change the amendments address is the ownership issue I covered here – i.e., that the law currently applies to any … Continue reading

Posted in Business, Foreign direct investment, foreign investment, Government of Russia, Law, legal update, legislation, moscow, oligarchs, PM Putin, Putin, reform, reserves, russia, Russian economy, strategic industries, Vladimir Putin | 1 Comment

Tip of the Spear – Can Big Business Battle Corruption in Russia?

Last year, there was a minor stir in the Russian and Western press when major European/American businesses and business associations involved in Russia signed an integrity pact pledging not to pay bribes in that country.  Many were skeptical at the … Continue reading

Posted in anti-corruption legislation, bribery, bureaucracy, Business, Business and Economy, compliance, corruption, fcpa, Foreign direct investment, foreign investment, RECA

Truth or Consequences – IKEA as a Case Study of Russia’s Miserable Investment Climate

Earlier this year I wrote about IKEA’s corruption problems in Russia.  Two senior managers were fired after Swedish media reported that the managers had approved a bribe payment by their general contractor in order to obtain electricity service for a … Continue reading

Posted in bribery, bribes, bureaucracy, Business, Business and Economy, corruption, Economic development, Foreign direct investment, foreign investment, IKEA, officials, russia, Russian economy | 3 Comments