Coverage of issues surrounding expropriation of business by the Russian state

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

Ruble Falls Most in More Than Week as Evtushenkov Arrest Upheld

Bloomberg: The ruble fell the most in more than a week as the U.S. dollar rallied following the decision by a Moscow court to uphold the house arrest of billionaire Vladimir Evtushenkov. According to Bloomberg, ruble has retreated the most … Continue reading

Khodorkovsky’s business partner Lebedev set free

Bloomberg Businessweek: Bloomberg Businessweek reports that Platon Lebedev has been released from jail after over 10 years in prison. Lebedev is the former business partner of Mikhail Khodorkovsky, the former CEO of the expropriated Yukos Oil Company. Lebedev’s release comes … Continue reading

Medvedev bets on private business in hard economic times

The Moscow Times: Anatoly Medetsky reports in the Moscow Times that Russian Prime Minister Dmitry Medvedev has admitted that economic growth in the country is unlikely to exceed 2% this year, despite high oil prices. The majority of growth in … Continue reading