There is no sign Russia is going to be a safer place to do business in the near future. For now, investors should be aware the Russian risk premium is here to stay. Russians should be aware that, ultimately, it will be they who will pay it.
Kremlin
The risks of Russia
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are owned by John Donovan. There is also a Wikipedia segment.
UPDATE 1-Putin says warned BP about Russian risks
PARIS, May 31 (Reuters) - Russia's Prime Minister, Vladimir Putin, said he had warned BP about the risks of setting up a venture with a group of Russian billionaires when he blessed its creation as Russian president in 2003.
As TNK-BP director Jean-Luc Vermeulen quits, spy allegations fly in Moscow
The Kremlins campaign against foreign ownership of Russian energy resources forced Shell to cede control of the $20 billion (£10 billion) Sakhalin-2 oil and gas project to Gazprom last year. As the only big energy company not under Russian control, TNK-BP is firmly in its sights.
As Gazprom Goes, So Goes Russia
In transactions involving both Shell and BP, Mr. Putin met directly with corporate executives. For a time, Kremlinologists thought that he might segue into the chairmans job at Gazprom; executives say Mr. Putin, a former spy, shows a keen interest in the oil and gas business.
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