Category Archives: Business and Economy

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

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

What’s Wrong with Russia – Part I – Infrastructure

[Note: this the first in a series of posts covering what are, in my opinion, the most significant examples of ‘what is wrong with Russia]. I’m not starting with the subject of infrastructure because it is necessarily the most significant … Continue reading

Posted in Business, Business and Economy, corruption, Economic development, economics, Foreign direct investment, foreign investment, Government of Russia, infrastructure, russia, Russian economy | 9 Comments

Behold! The New Russian Smartphone

Medvedev: “I can’t even tell where to press.” Chemezov: “It is still a prototype.” Medvedev: “But this is entirely our product, which will be produced in our factories?” Chemezov: “For now, unfortunately, we will only be able to make it … Continue reading

Posted in Business, Business and Economy, Chemezov, Dmitry Medvedev, Economic development, economics, Foreign direct investment, foreign investment, goskorporatsii, krysha, Medvedev, President Medvedev, Rostekhnologii, russia, Russian economy, siloviki, state corporations | 3 Comments

What’s Wrong with Russia? – Intro

A lot of ink is spilled over this question in Western – especially American and British – media outlets and think tanks.  The meme is so pervasive that it is nearly impossible to discuss Russia without at least one reference … Continue reading

Posted in Business and Economy, Cold War, crisis, democracy, Economic development, economics, elections, foreign investment, media, oil, rankings, reform, rule of law, russia, Russian economy | 3 Comments

IKEA Scandal – Furniture Giant’s Corruption Troubles Far from Over [Updated]

Image via Wikipedia I couldn’t help but notice the high level of traffic – 10 percent of which came from IKEA servers – my humble blog received for my post on the firing of two top expat executives from IKEA Russia … Continue reading

Posted in anti-corruption legislation, bribery, Business, Business and Economy, Government, IKEA, Ingvar Kamprad, russia | 3 Comments