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Corruption: A Way of Life

Overview

Like any chronic disease, corruption can maim without killing. In the post-Soviet world, this sickness is deeply ingrained in society. While not ruling out decent investment returns, it always corrodes them. Constantly present beneath the surface, like a fire in the hold of a ship, corruption should be kept firmly in mind when assessing all risks in Russia.

This year, President Putin has launched a new anti-corruption drive. Reactions are predictable: officials herald a new dawn,...

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