June 15th, 2011
01:01 PM GMT
Among the BRIC nations, which now includes South Africa too, Russia has a bad rap for its business climate.
It is enjoying the white nights or long days of summer, but it is not considered a bright light when stacked up against its peers.
In the latest World Bank "Doing Business" survey, Russia is at the bottom of the pile of BRIC countries , the bottom of the G-20 list and also in the broader rankings of the major industrialised countries.
CNN's John Defterios takes a look at Russia's economy and the restructuring plans set out by its political and business leaders.
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.