Valdai Club

In Russia, private deals and foreign investments are regulated on the basis of the Civil Code, which forms part of the larger private law legislation. The ideology behind private law is related to libertarian ideas of the free market: people are regarded as being free to agree on the exchange of their own resources and possessions. State law guarantees that their rights shall not be violated or the rights shall be restored in the event of a dispute.

International business in Russia works in different ways. Businesses come and invest in Russia, but these investments are limited due to the considerable barriers of bureaucracy, law, lack of trust and local business behavior. So what is the problem with Russia?