Tag: Vladimir Putin
The economic sanctions are only a tertiary cause of Russia's trouble with economic growth. The recession is in full swing, but Vladimir Putin will not reform the economy – argues Sergei Guriev, former President of Moscow's New Economic School.
William Browder, a grandson of the former General Secretary of the Communist Party USA, became one of the biggest foreign investors in Russia at the end of the 1990s. Mr. Browder, CEO of Hermitage Capital, who was initially an avid follower of Vladimir Putin and a critic of Mikhail Khodorkovsky, suddenly became public enemy No. 1. In 2006 he was expulsed from Russia on the claim that he poses a threat to national security. Soon afterwards some corrupted officials illegally seized his company. The company’s lawyer, Sergey Magnitsky, who exposed the scheme, was jailed and afterwards died in prison in mysterious circumstances. Mr. Browder did not lay down his weapons and started lobbying against corrupted Russian officials. Owing to his efforts, contrary to the suggestions of the Obama administration, in November 2012 the US Congress passed the so-called Magnitsky Act – banning several dozen individuals responsible for the lawyer’s death from entering the USA and freezing their bank accounts.