By Polina Devitt
MOSCOW, April 30 (Reuters) – Reducing regulation is a key to stimulating Russia’s domestic growth after the recession, Novolipetsk Steel Chairman Vladimir Lisin said on Friday.
“In my opinion, the biggest problem is stimulating production growth,” Lisin, ranked Russia’s richest man by Forbes magazine, said in an e-mailed response to questions. “And how to stimulate (production) when business is regulated so tightly.”
– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –
By Jason Bush
MOSCOW, April 16 (Reuters Breakingviews) – Hewlett-Packard is under investigation for paying bribes in Russia. It’s the latest sign that western regulators are paying close attention to Russian business practices. The resulting reputational and legal risk may now be the biggest worry for foreign companies in Russia.
German prosecutors suspect former HP managers of paying 8 million euros in kick-backs. Ironically, the payments concern a 35 million euro contract to supply Russia’s Prosecutor General’s Office — the very body charged with fighting corruption.
