June 4th, 2010

Show Trial Is a Warning to Investors

Today’s NYTimes article reinforces Yuri Schmidt’s op-ed in the Wall Street Journal on the show trial of Mikhail Khodorkovsky and lends support to Khodorkovsky’s assertions in his Washington Post op-ed that Russia’s great export is corruption.

Although most obvious impact is on the political prisoners, Russia’s attractiveness as an investment takes a hit as well. Recent declarations by President Medvedev and various ministers about the shift in foreign policy to focus on investment and technology should not put blinders on investors.

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