Russia is not short of billionaires, but that doesn’t mean making money in the country is an easy business. Last week (6 August) Michael Calvey, one of Russia’s most prominent foreign investors, was given a five-and-a-half-year suspended sentence for embezzlement, and the case has rattled the country’s business community, reminding them of the risk of working there: according to the New York Times, around one in ten prisoners in Russian jails are white-collar criminals.
Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
