Despite a wealth of investment opportunities, the Russian Federation has attracted relatively little foreign direct investment (FDI) and has experienced large-scale capital flight. This phenomenon results from sectoral restrictions on foreign investment and from important institutional factors which also affect domestic businesses. Russia has made significant improvements in its business environment since the last decade, adopting
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The OECD has been working on environmental taxation in the Russian Federation since 2001. This report focuses on reforming pollution charges, the main and most comprehensive type of economic instrument used for environmental protection in Russia.
OECD has released the publication, which presents a fresh approach for addressing the financial issues associated with development of investment-heavy environmental infrastructure, such as urban water supply, wastewater collection and treatment a...