June 15th, 2011
01:01 PM GMT
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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.

soundoff (6 Responses)
  1. Joel Schachter

    Hi John,
    In case you weren't aware, back in pre-1989 Eastern Europe the most common soft drink option was the 200 ml bottle of Pepsi, so it is not in the least surprising that Pepsico would press this advantage and extend their presence in the region.

    June 15, 2011 at 3:20 pm |
  2. vladtheimpaler

    Russia is sooooooo corrupt its not even funny

    June 15, 2011 at 5:18 pm |
  3. Ikebrazil

    I hope you don´t do he same bad job that I saw in 2006, with "Eye on Brazil"... That documentary was completely biased, sensationalized and offensive to brazilians. You pratically portrayed brazil as the "land of disgrace and misery", and you used all the methods that you knew to create a sensationalized picture of the country. You pratically portrayed brazilians as criminals. That documentary was totally biased and offensive.

    June 15, 2011 at 5:44 pm |
  4. James

    Russia is a cesspool of corruption. It has oil, a few other natural resources, and nothing else of any value to offer the world. Fortunately, the world is becoming wise to this, and Russians are slowly but surely finding themselves having to deal with third rate trading partners, as is the focus of this article.

    June 15, 2011 at 10:40 pm |
  5. wd

    third rate trading partners? yeah keep thinking like that while that group, led by china and india, grabs one industry after another from ya. it's already happened with low-end and mid-level manufacturing, call centers, etc., and it's going to happen to high-end manufacturing, IT and bio-tech, too. but as i said, keep thinking you're number one and better than everybody else.

    June 16, 2011 at 3:05 am |

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