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

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

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

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