Russia 'risky as Iraq', research finds

Russia is now in the same investment risk category as DR Congo, Sudan and Iraq, according to research from risk analysis firm Maplecroft.

The group recently published its Political Risk Atlas 2011, which evaluated the risks to business and investments in 196 countries from issues including terrorism, conflict, rule of law, and corruption. Russia’s risk has increased since last year and the country has risen five places in Maple croft’s rankings, now featuring as one of the 10 riskiest countries in which to invest. The group said Russia has ‘extreme risk’ ratings for its business environment, corporate governance and the endemic nature of corruption, which is prevalent throughout all tiers of government. Associate dir...