Posts Tagged ‘russia IC’
Doing business in Russia is like playing roulette
Russia looks attractive for investment and business development, but the problem of possible risks still remains.
As says CBS Interactive Business Network, due to poor law enforcement, the proliferation of weapons and corruption, Russia suffers from a wide variety of crime. According to the Time, in country exists a thing, “known as reiderstvo, or “raiding,” a term that describes an array of illegal tactics — including identity theft, forgery, bribery and physical intimidation — used by corrupt policemen, tax officials, lawyers and financiers to seize a person’s business or property”. According to the Time, businessmen not only risk losing their assets, but they can also end up in jail on trumped-up charges brought by corrupt law enforcement officials and prosecutors.
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Invest in Russia or not?
According to the Maplecroft research, Russia has climbed five positions in the ranking of the most risky countries for the investment. In this rating list Russia stands among countries that suffer from armed conflict, but this fact doesn’t affect much the income of investors.
According to Political Risk Atlas of British consulting company Maplecroft, endemic corruption on all government levels, the absence of independent judiciary and business rules, an increased risk of expropriation, non-effective business management and unreliable law enforcement make Russia on of ten most risky countries for the investors. For the last year Russia has climebed five points and figures in top ten of 196 risky-investment countries in the rating. It’s important to note, that Russia made such a worrying jerk at the same time having some obligations to fight against terrorism on its territory, as opposed to the other countries in the list. In the rating list of countries with high risk for the investment, Russia stands near Zimbabwe and North Korea.
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