Expropriation in Russia is a sister site of Expropriation News – a site that has been looking at issues surrounding state expropriation around the world in the past couple of years. During this time it has become apparent that expropriation and state intervention in Russia is on the rise. This site has been created to look at Russia specifically.
This site will provide an in-depth analysis of business expropriation in Russia, which was set off by the seizure of Vladimir Gusinsky’s media empire and the Yukos Affair. Following the Yukos Affair, Russian ‘siloviki’ and government officials received a clear message that they can expropriate property at every level of Russian business and they will face no punishment. As a result, Russia today faces a serious challenge under which state officials are seeking to seize assets without due compensation and with scant regard for the rule of law.
Russian companies like Euroset and Technosila have all faced attacks from the Russian state and its representatives. Moreover, foreign companies like Hermitage Capital, Shell, BP, Telenor and Ikea are all encountering difficulties in doing business in Russia. But state intervention is not just a threat for large foreign and Russian companies; small and medium sized local businesses all over Russia are having to fight against corrupt officials with little regard for due process.
The site will be regularly updated with news about corporate expropriation in Russia and we welcome contributions from all readers on this increasingly important subject.