Russia: Medvedev pushes for a big clean-up

Russia’s president is distancing himself from the financial corruption of the past few years and pushing through legislation to curb insider trading. Russia’s rehabilitation with outside investors should do wonders for the country’s cost of capital. Elliot Wilson reports.

RUSSIA’S GOVERNMENT SEEMS intent on cleaning up the country’s notoriously investor-unfriendly financial system. Global investors hope that the country is ready to usher in a cleaner and more transparent era as the worst effects of the global financial crisis fade. Russia’s president, Dmitry Medvedev, a pragmatic technocrat who is devoid of the worst of premier Vladimir Putin’s sabre-rattling paranoia, is starting to impose his own authority over power brokers in the Kremlin, the army and the government.

Thanks for your interest in Euromoney!
To unlock this article: