From an investment climate perspective, foreign investors have perceived Russia as a very promising market in terms of investment opportunities but, as well as in other countries across the world, corruption and lack of compliance was a major problem for doing business in Russia. Some of their biggest concerns were how the rule of law is enforced in the country and other issues related to the lack of transparency as well as some administrative issues.
Nowadays, Russian compliance and anti-corruption legislation has come a long way and counts on a very comprehensive legislative framework on anti-corruption and compliance.
The ABL Compliance Unit has just published an article dedicated to this topic.
