Category Archives: Economic development

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

How the ‘Experts Case’ Explains Everything that’s Happening in Russia Right Now

As covered in the previous post, in June a prominent Russian economist – Sergey Guriev – fled Russia after investigators began targeting him in the case of a 2011 report on the human rights implications of Mikhail Khodorkovsky’s ongoing incarceration. … Continue reading

Posted in Bastrykin, Chaika, criminal law, Dmitry Medvedev, Economic development, economics, Government of Russia, Guriev, investigative committee, legislation, Medvedev, mvd, officials, prosecutor general, Putin, rule of law, russia, Russian economy, siloviki, u.s.-russia relations, Vladimir Putin | 2 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

Strategic Sectors Law Update – Third Commission Meeting of 2012

On November 28, 2012, PM Medvedev chaired a session of the Commission on Foreign Investment, the third time the Commission has met this year. Changes to Russia’s Business Environment In his prepared remarks, Medvedev noted Russia’s recent improvement in the … Continue reading

Posted in Business and Economy, Dmitry Medvedev, duma, Economic development, FAS, federal laws, Foreign direct investment, foreign investment, Government of Russia, Law, legal update, legislation, offshore, Russian economy, strategic industries

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