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NCJ Number: 171299 Find in a Library
Title: Organized Crime and Extortion in Russia: Implications for Foreign Companies
Journal: Transnational Organized Crime  Volume:3  Issue:1  Dated:(Spring 1997)  Pages:23-38
Author(s): N J Lowther
Date Published: 1997
Page Count: 16
Type: Issue Overview
Format: Article
Language: English
Country: United Kingdom
Annotation: This article examines extortion and organized crime in Russia and the effect on large-scale foreign investment.
Abstract: Extortion in Russia has reached levels that will deter large- scale foreign investment. There are not sufficient laws in place to protect foreign, or domestic, businesses from extortion demands, and the existing laws are not rigorously enforced. While extortion is part of a larger problem involving the role of organized crime within the emerging state, it is now so pervasive that its effects merit special attention. The Director of the Federal Bureau of Investigation told the US Congress in 1996 that most American businesses in Russia were paying up to 30 percent of their profits as protection money to organized crime groups. Until action is taken to cut the crime in Russia to more manageable proportions, a certain acceptance of extortion will be part of the price of doing business there. This has implications for Russia's future, because foreign investment is essential to reinvigorate the Russian economy. Without a stable and more dynamic economy, Russia will have great difficulty instituting and maintaining democratic and market reforms. Notes
Main Term(s): Criminology
Index Term(s): Business crime costs; Crime in foreign countries; Crimes against businesses; Criminal infiltration of business; Extortion; Foreign criminal justice systems; International crime statistics; Organized crime; Russian Federation
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