In the 1990s, Russian companies would - at best - ignore calls for combating corruption; at worst - they would reward and facilitate it. They had their reasons - mainly that when the Soviet Union collapsed corruption became a way to get things done, to keep deals moving while state institutions lay in ruins. But as corruption settled in, it became more of a problem than a solution.
Enter the new hybrid of Russian corruption - corporate raiding. To simplify, it is a way for people with connections to state institutions to take ownership of companies for a fraction of their real price; or some times for free.
How the process works is explained wonderfully in this article by the Moscow Times. Importantly, the author notes how raiding continues to proliferate despite presidential calls to stop:
See full Article.
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