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Do Business in Russia? Think Again
CEOs are constantly barraged with pitches about the best places for direct foreign investment or trade. These include BRIC countries (Brazil, Russia, Indian and China). While Russia has a promising, fast-growing economy, the authoritarian policies of the Vladimir Putin regime are enough to give pause. ...
Tags: Peter Galuszka, Forbes, Vladimir Putin, investment
Blog posts 2008-04-17

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Russian oil tycoon Khodorkovsky applies for parole
MOSCOW AFP — Former Russian oil tycoon Mikhail Khodorkovsky applied Wednesday for parole in the hope that President Dmitry Medvedev might prove more liberal than his predecessor, his lawyer said. "Khodorkovsky's defence today in Chita asked that he be released on parole," Yury Schmidt said, referring to the...
Articles 2008-07-16
Saudis offer Moscow billions to break with Tehran: report
MOSCOW AFP — Saudi Arabia has offered to buy Russian arms worth 2.4 billion dollars (1.5 billion euros) if Moscow stops supporting Iran, a Russian newspaper reported Tuesday, citing diplomatic sources. "The kingdom's government advised Moscow to cut back its cooperation with Tehran, and in exchange it held...
Articles 2008-07-15
Russian 'super-team' looking to shake up cycling
PAU, France AFP — A Russian-financed cycling team is set to muscle its way into the professional peloton in 2009, with ambitious plans to radically transform the sport in the country. Katoucha, presented here on Tuesday by former champion Andrei Tchmil, will aim to make an impact among...
Articles 2008-07-15
Russia hopes to boost ties with Saudi Arabia
MOSCOW AFP — Russia hopes to further boost ties with Saudi Arabia, Russian Prime Minister Vladimir Putin said Monday during talks with Saudi Arabia's Security Council chief Prince Bandar bin Sultan. "Our relations are developing well, the trade turnover is growing though in absolute terms it still looks...
Articles 2008-07-14
Putin's KGB wages 'spy war' against UK
HUNDREDS of Russian spies are now operating in the UK - many times more than at the height of the cold war, according to a former KGB lieutenant colonel writing today in the Sunday Herald. Konstantin Preobrazhensky claims Russia is now in the midst of an unprecedented...
Articles 2008-07-13
Russia's Putin tours new rig in Arctic oil drive
SEVERODVINSK, Russia AFP — Russian Prime Minister Vladimir Putin on Friday toured a new Arctic oil rig intended to boost Moscow's position in the intensifying competition for northern energy reserves. Putin also met ministers and top oil executives in the Severodvinsk shipyard to discuss prospects for developing more...
Articles 2008-07-11
Don't blame Russia - it's our fault as well
There is a view, enthusiastically peddled in certain British circles, according to which Russia is generally spiky, malevolent and anti-social. Every country in the world, the argument goes, has a problem with Russia - and this is how it will be until either Vladimir Putin leaves public life entirely, or...
Articles 2008-07-08
Russia 'backed dissident's poisoning'
British security officers believe the Russian state backed the murder of the former KGB officer Alexander Litvinenko, a senior British agent has said. "We very strongly believe the Litvinenko case to have had some state involvement. There are very strong indications," the source told the BBC's Newsnight...
Articles 2008-07-08
Putin, Ahmadinejad discuss nuclear plant progress: PM's office
MOSCOW AFP — Russian Prime Minister Vladimir Putin and Iranian President Mahmoud Ahmadinejad on Monday discussed progress on a nuclear power plant Russia is building in Iran, a statement from Putin's office said. "Both sides underlined the need for timely construction of the atomic power station at Bushehr,"...
Articles 2008-07-07
Litvinenko murder likely linked to Russia, official tells BBC
LONDON AFP — There are "very strong indications" that the murder of former spy Alexander Litvinenko in London in 2006 was linked to the Russian state, the BBC quoted a senior security offical as saying late Monday. Litvinenko, a fierce critic of the Kremlin under former Russian president...
Articles 2008-07-07
Bush to meet Russia's Medvedev
TOYAKO, Japan AFP — US President George W. Bush on Monday holds his first face-to-face talks with Russian President Dmitry Medvedev, a chance to weigh up Vladimir Putin's heir and tackle outstanding disputes. Moscow's opposition to US missile defence plans, US worries about the rule of law and...
Articles 2008-07-06
Bush, Medvedev clash on missile defence
TOYAKO, Japan AFP — US President George W. Bush praised Russian President Dmitry Medvedev Monday as a "smart guy" who means what he says, even as they clashed on US missile defence plans. The two leaders, holding their first face-to-face meeting since Medvedev took the reins from Vladimir...
Articles 2008-07-06
Abramovich quits job in Siberia to spend more time on Western front
The Chelsea FC owner Roman Abramovich has resigned from his post as governor of the north-eastern Russian region of Chukotka after eight years in charge. The new Russian president Dmitry Medvedev accepted the resignation, the second time that Mr Abramovich has attempted to leave the governor's job....
Articles 2008-07-04
Russia's Abramovich relieved of governor's post
MOSCOW AFP — Russian President Dmitry Medvedev has relieved billionaire Roman Abramovich of his duties as governor of the remote Chukotka region at the tycoon's request, the Kremlin said Thursday. Medvedev signed a decree accepting "the resignation of the governor of the Chukotka autonomous region, Abramovich, at his...
Articles 2008-07-03
Medvedev eyes 'rational' democracy for Russia
MOSCOW AFP — President Dmitry Medvedev acknowledged Thursday that domestic political competition was critical for Russia's development but said it must be "rational" and overseen by a strong executive leader. In an interview with media outlets from G8 countries, the new Russia leader also called for creation of...
Articles 2008-07-02
Putin to continue Q&A sessions
World News IN BRIEF *LESNYE DALI Prime Minister Vladimir Putin, who stepped down as Russian president last month, said yesterday he would continue question-and-answer sessions with the nation, this time as leader of the ruling party. Mr Putin began the live televised debates during his eight-year presidency...
Articles 2008-06-30
Russia's Greatest Export* *after gas and oil
She has sold 100 million records in her native land and Vladimir Putin adores her. Now Valeriya - superstars don't need surnames - wants to make it over here. But is Britain ready for Moscow's favourite pop phenomenon? Shaun Walker joins her at her summer home on the shores of...
Articles 2008-06-28
Putin says central Asia wants to raise gas price for Ukraine
MOSCOW AFP — Russian Prime Minister Vladimir Putin on Saturday told his Ukrainian counterpart that Central Asian countries were urging Moscow to increase gas prices for Ukraine. Putin made the comments at the end of talks in Moscow with Ukranian Prime Minister Yulia Tymoshenko during which he also...
Articles 2008-06-28
Medvedev, EU hail new page in relations
KHANTY-MANSIYSK, Russia AFP — Russia and the European Union on Friday announced the start of talks on a new strategic partnership agreement, with President Dmitry Medvedev hailing a new chapter in relations. "Today we have opened a new page," Medvedev told delegates at an EU summit in Siberia....
Articles 2008-06-27
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