In contrast to their strident rhetoric about Russia’s annexation of Crimea, the EU and the U.S. have imposed only limited, albeit targeted, sanctions, primarily against Russian President Vladimir Putin’s inner circle. By imposing sanctions on Bank Rossiya and Mr. Timchenko, Western leaders are sending a tacit message that some of Mr. Putin’s personal wealth kept in the West is potentially in jeopardy.
Russia holds a unique place in the international economy. It isn’t the largest, fastest, strongest, or even scariest, but it is a heavyweight whose actions matter more than most. It ranked just 146 out of 180 countries on the 2009 Corruption Perceptions Index, and had the 8th largest economy in the world in 2008 according […]
There was a time when a bribe to obtain a driver’s license was corruption, but a bribe to obtain a contract was just business. No longer. Companies around the world are now paying attention not just to the practices of their own employees, but to those of their subsidiaries and partners. And most of the […]