Russia and the Corruption Perception Index

Jul 5th, 2015
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The Russian government’s contempt for the Rule of Law and the simultaneous proliferation of corruption is a huge impediment to direct foreign investment for this key player in the world economy. The point was driven home yet again with the release of Transparency International’s 2009 Corruption Perception Index.

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Russia and the Corruption Perception IndexAnalysis: Committee for Russian Economic FreedomThe Russian governments contempt for the Rule of Law and the simultaneous proliferation ofcorruption is a huge impediment to direct foreign investment for this key player in the worldeconomy. The point was driven home yet again with the release of Transparency Internationals2009 Corruption Perception Index. This year Russia ranked 146th out of 180 countries, fallingbehind the likes of Libya, and Pakistan and Honduras.According to reports and US State Department statistics, it is estimated that corrupt officials robRussia of an estimated $300 billion annually, a sum equal to 18% of Russia's gross domesticproduct. The response to the newly-adopted package of anti-corruption legislation initiated andpromoted by President Medvedev and passed by the Duma in December 2008, has been tepid

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