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NCJ Number: 166424 Find in a Library
Title: Russian Crime Threatens Foreign Investment
Journal: Crime and Justice International  Volume:13  Issue:3  Dated:April 1997  Pages:10-13
Author(s): J. Serio
Date Published: April 1997
Page Count: 4
Type: Survey (Cross-Cultural)
Format: Article
Language: English
Country: United States of America
Annotation: Extortion and counterfeiting are major types of crimes that jeopardize foreign investment in Russia today.
Abstract: Foreign businesses expected major opportunities when communism ended in the Soviet Union. Instead, they have encountered extortion, fraud, and embezzlement on a sophisticated and unprecedented scale. Lack of accurate and timely information about crime and other matters is also a major problem. However, the marked increase in the incidence of extortion in Russia which became noticeable during the era of perestroika has grown into a business tool for organized crime in a developing economy in a society without a strong tradition of the rule of law. Another major business threat to manufacturers and distributors in Russia comes in the form of losses due to counterfeit consumer goods. Kidnapping of foreign business people is not currently a widespread problem, but it is likely to increase in future years. Nevertheless, most foreign business people surveyed believe that foreigners can avoid most potentially dangerous situations if they maintain proper levels of awareness. The increase in organized crime groups has also resulted in a sharp increase in auto theft. Some of the organized crime groups have their roots in a criminal tradition that existed in Russia and the Republics under Communism. Photographs
Main Term(s): Criminology
Index Term(s): Counterfeiting; Crime in foreign countries; Extortion; Russian Federation
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