Financial Times FT.com

Investment climate: Corruption complicates an image problem

By Neil Buckley and Catherine Belton

Published: October 2 2007 07:24 | Last updated: October 2 2007 07:24

Deteriorating political relations with the west have had little impact on bullish attitudes among corporate investors in Russia – but those not yet in the country are significantly more cautious about the country’s prospects.

A survey of 106 foreign companies investing in Russia and 51 “potential” investors this year found 82 per cent of existing investors were moderately or highly satisfied. Only 7 per cent of respondents to the survey, conducted for the Foreign Investment Advisory Council (or FIAC, a forum including senior business figures set up to foster dialogue with the government) were dissatisfied.

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