| The Volga: the region accounts for one quarter of Russian GDP | ||||||
It is over a year since president Vladimir Putin moved to bring unruly Russian regional governors to heel, but it is still unclear whether the system of federal districts he introduced will help or hinder foreign investors intrepid enough to venture into Russia.
The harmonization of laws between local and federal level is all but complete and the intention was that the main role of the appointees to the new system, dubbed the president’s representatives, would be to produce a Russia-wide seamless legal and tax space.
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