1. Business In Russia
... commercial code governing business relations and an arbitration court for resolving economic disputes. However, in 1998, the Asian financial crisis swept through the country, contributing to a sharp decline in Russia's earnings from oil exports and resulting in an exodus of foreign investors. This all climaxed in August 1998 when the government allowed the ruble to fall precipitously and stopped payment on 40 ... billion in ruble bonds . According to author Alena Ledeneva, ongoing problems include unreliable judicial and ... institutions and countries of late. Russian failure to meet Par...
- Word Count: 1539
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate