Investment Fund Tells Amazing Story of Official Russian Corruption

The story of Hermitage Capital, a Britain-based investment fund that was once one of the largest foreign investors in Russia, and what it encountered at the hands of corrupt Russian officials, “highlightsthe hazards of practicing law in Russia’s corruption-ridden courtsdespite nearly two decades of reforms supported by hundreds of millionsin U.S. and European aid,” Philip Pan wrote in an Aug. 13 piece in the Washington Post. It also highlights the dangers of doing business in Russia for Western firms. Hermitage was apparently the victim of a brazen attempt by corrupt Russian officials to steal its assets, in an all-too-common practice […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get three free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Weekly in-depth reports on important issues and countries
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.

More World Politics Review