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Russia’s Business Ombudsman Says Investment Climate in Russia is Poor

  • 31 May 11:50

Russian presidential ombudsman for the business sector Boris Titov has presented his annual report to the President Vladimir Putin, delivering sharp criticism of the investment and entrepreneurship climate in the country,Vedomostireported on Tuesday. This year Russia’s investment community is in furore as the liberal fraction of the Kremlin, which actually runs the macroeconomic and reform processes, called on the president to intercede following thearrest of prominent U.S. investor Michael Calvey. The Calvey case has exacerbated persistent concerns with the business environment in Russia, for domestic and foreign businesses alike. According. Read more...