Putin's Russia: Exile Businessmen
On property rights, Russia came 119th, right down there with Malawi and Nicaragua; on judicial independence, 116th; on reliability of police services, 112th; and on professional management, 77th. Despite steady macroeconomic growth driven by rising oil and gas prices, there are few signs that it is developing beyond oil. “Only free, independent, and enterprising people are capable of being the driving forces behind modernization, but those are exactly the people whom the state is persecuting,” says Vladimir Ryzhkov, a leader of a prominent opposition party, Another Russia. “How can Russia attract Western investors when the country’s most successful businessmen are forced to flee the country for fear of arrest?
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Why this article may be biased and don't take into account real offenses committed by Russian businessmen, it still highlights why Russia still has such a bad reputation as a place to make business.
