Russian Revamp of Legal System May Free 100,000 Entrepreneurs

Bloomberg BusinessWeek. By Ilya Arkhipov. 2 July 2010

July 2 (Bloomberg) — Russian lawmakers say they plan to overhaul the law on economic crimes, resulting in the early release of as many as 100,000 imprisoned executives and entrepreneurs as the government seeks to attract investors.

Andrei Nazarov, deputy head of the committee that handles civil and criminal legislation in the lower house of parliament, on June 30 introduced amendments to the criminal code designed to implement a decree by President Dmitry Medvedev. Nazarov said he will offer further amendments, including one ending pre-trial detention for economic offenses.

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