Coverage of Russia in western newspapers leaves an overriding impression that the place is corrupt and doomed. Economists and pundits have focused on corruption, and the lack of the rule of law as the main causes of last year's crash. These structural problems definitely exist and they are...

Foreign Direct Investment into Russia has been low in comparison to other transition economies. We surveyed almost 50 European enterprises that conduct business in Russia and asked about the reasons behind their presence here and about the main problems they have encountered. Our survey shows...