Cyprus’s monetary crisis has drawn international attention to the island’s role as a tax haven and money laundry for Russia’s rich. Meanwhile, Putin has announced a crackdown at home — which Pavel Usanov believes is doomed to failure, given the all-pervasive corruption of life in Russia.
Since the collapse of the USSR investors have flocked to Russia, tempted by the high rates of return and the Alice in Wonderland atmosphere in Moscow, where everything seems possible. But the Russian business community has rather less faith in the future promised them by their government, says Pav