President Vladimir
Putin last year ordered the government to improve Russia’s standing in the World
Bank’s Doing Business rating to 20th by 2018. It climbed eight positions to 112
in the latest study in October. While that’s better than emerging- market
competitors India and Brazil, Russia remains the worst among major economies in
graft, Transparency International said in December in its annual Corruption
Perceptions Index. Just ask Hermitage's Browder....
Monday, February 4, 2013
Goldman Hired by Russia
Go figure. Bloomberg
reports that Goldman Sachs has been hired by the Russian government to burnish
the nation’s image overseas and attract more institutional investors. The bank has signed a three-year agreement
with the Economy Ministry and the Russian Direct Investment Fund to advise on
issues such as communicating government decisions and setting up meetings with
investors, according to Sergei Arsenyev, Goldman Sachs’s managing director of
investment banking in Moscow.
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