Coverage of issues surrounding expropriation of business by the Russian state

Russia bites back with widening crackdown on McDonald’s

Financial Times: A campaign against McDonald’s was broadened to over 200 separate investigations. This means almost half of all McDonald’s outlets in Russia are investigated on the basis of hygiene or finance. The investigations began in August when Russia’s consumer … Continue reading

Businessmen are ‘serfs’ in Putin’s Russia, warns Sergei Pugachev

Financial Times: Sergei Pugachev, who was once so close to Mr Putin that he was known as the “Kremlin’s banker”, told Financial Times that Russian businessmen were all now “serfs” who belonged to the president, with none of the country’s companies … Continue reading

Leading Russian entrepreneur criticises offshore crackdown

Financial Times: David Yakobashvili, one of Russia’s most successful enterpreneurs, has criticised Russia’s recent crackdown on offshore corporate structures and claimed that these measures could be more damaging to the economy than any sanctions imposed by the West. President Vladimir … Continue reading

A Magnitsky law for Europe. The US statute is a pro-Russian, not anti-Russian, act

Financial Times: Even by its own recent standards, Moscow’s response to the US Magnitsky law, which bars Russian officials accused of human rights violations from the US, has been ugly. President Vladimir Putin last week signed into law a ban … Continue reading