Download e-book for kindle: Doing Business with Russia 3rd Edition by Marat Terterov

By Marat Terterov

ISBN-10: 0749438398

ISBN-13: 9780749438395

ISBN-10: 141754564X

ISBN-13: 9781417545643

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Additional info for Doing Business with Russia 3rd Edition

Example text

If Russia is party to an international treaty that contains provisions contradictory to the provisions of the Russian legislation, the provisions of the international treaty prevail. Foreign investment legislation While the encouragement of foreign investment is a stated Russian government priority, there have been difficulties in creating a stable, attractive investment climate. Foreign investors’ concerns about the legal system, corruption and taxation are key factors affecting foreign investment, rather than any explicit express restrictions imposed by the government.

Major Russian companies such as Lukoil, YUKOS, Gazprom, AvtoVaz, Norilsk Nickel, the electricity giant UES, Severstal, Wimm-Bill-Dann and Sibirsky Aluminium are among the key drivers of the country’s improved economic performance. They are also showing a globalist approach to business by increasingly employing graduates from some of the top foreign business schools and universities, using foreign consultants to restructure their enterprises, and seeking to improve their understanding of concepts such as corporate governance.

Still, challenges could come on the foreign policy front. A potential US invasion of Iraq in winter 2003 could polarize the Russian elite, testing Putin’s ability to assuage hardliners already smarting from earlier concessions on the ABM treaty and NATO expansion. Putin’s ability to refocus attention to the war on terrorism will be important, and in this regard, relations with neighbouring Georgia will be a crucial, though unpredictable variable. The President has continued his course of integration with the West, and Russia’s exclusion from the FATF blacklist represents the latest feather in his cap.

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Doing Business with Russia 3rd Edition by Marat Terterov

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