How to Lose Investors
Follow Vladimir Putin’s big investment speech, the Moscow Times has a good editorial on the political temptation of blaming foreign money for local problems.
Russian officials have always had a peculiar love-hate relationship toward foreign investors. They repeatedly state that without foreign investment, Russia cannot modernize or diversify. At the same time, it appears that Russia does everything in its power to dissuade foreign investment — even beyond the systemic problems of high corruption and lawlessness.