Thursday, August 16, 2012

WSJ: Punk Band Crashes Russia's Investment Case

Influential U.S. daily, The Wall Street Journal, published an article saying the dubious Pussy Riot trial may harm foreign investments to Russia because its outcome "will say much about how the rule of law currently fares in Russia." "The Pussy Riot case is hardly a sign Russia has changed in an investment-friendly way. The shaky rule of law has been one reason—along with excessive bureaucracy and corruption—why Russia languishes at 120th in the World Bank's index for ease of doing business," the journalist explains. "As its members face up to jail, Pussy Riot might find some consolation if their case hits Mr. Putin where it hurts: financially," the article concludes.

http://online.wsj.com/article/SB10000872396390444233104577591263821039098.html

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