RSXJ - Russia Doesn't Seem To Care About Investments
In this article, I would like to touch on a not very mentioned topic in the light of news about sanctions and other geopolitical upheavals - the investment climate in Russia.
Michael Calvey, a US citizen and the founder of Baring Vostok Capital Partners, has been placed in pre-trial detention in a Moscow jail for the next two months for alleged fraud, along with his five colleagues. They are accused of defrauding Vostochny Bank of at least 2.5 bn roubles ($37.7m). All of them deny any accusations and blame the case on a shareholder dispute.