Stephen Blank has an interesting new article on Forbes in which he assesses the economic damage being caused by Russia’s inability to effectively reduce legal nihilism and corruption, both of which are dragging on the country’s attempt to recover from the crisis.  Sticking out like a sore thumb is of course the second trial of Mikhail Khdorkovsky, which will be in full session during the first state visit of President Barack Obama.  Blank describes the Khodorkovsky trial as a “palpable judicial farce,” and if President Dmitry Medvedev is unable to take action to solve the situation it will “confirm the widespread belief that he is merely a tool of his predecessor, a placeholder until Putin resumes the presidency.”

When he was a candidate to lead Russia, Dmitry Medvedev denounced the country’s “legal nihilism.” Now, as president, he has often spoken in favor of judicial independence. Yet one year after his inauguration, with President Obama set to pay a state visit on Monday, Russia remains engulfed by a tidal wave of corruption, hamstrung by a politicized justice system that is chasing away the enduring foreign investment and economic stability that Russia so desperately needs.