Take a look at this short video featuring Bill Browder, founder of the investment firm Hermitage, who several years ago was suddenly denied entry into the former Soviet Union for the “crime” of asking awkward questions about various Russian firms he had invested in. As I say, this sudden refusal of entry came to light a few years ago, but for some reason the video got made recently, and has stirred up fresh controversy about Mr Browder, and his treatment. I hope he has got decent security and takes care of himself.
To be honest, whenever I have an off-the-record chat with any private banker strategist, hedge fund manager etc., they tell me the same thing: avoid Russia if you do not want the risk of having your wallet lifted, or worse. It is that bad now.
But then I consider how the bond-holders in the US auto industry got the shaft during the recent bailout of said as orchestrated by Mr Obama and his pro-union political allies. The abuse of property rights knows no national boundaries.