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. Last Updated: 07/27/2016

Safeguard for Investors




MOSCOW -- President Boris Yeltsin has ordered his government to draft a bill to protect domestic investors against sudden, unfavorable changes in the Russian laws, an official said Wednesday.


Russia's legal system is notoriously chaotic and prone to sudden changes. As new elections in the country approach, investors - both foreigners and wealthy Russians - are getting wary of putting money into Russia for fears of losing it if hard-liners come to power after the parliamentary vote set for December or the presidential election next summer.