The Russian economy has proven its resilience to external challenges: sanctions rhetoric, turbulence in emerging markets, and volatility of oil prices. Russia has improved its position in the Doing Business 2019 ranking of the World Bank, taking 28th place. Now Russia is ahead of all the BRICS countries and many European countries. However, much more needs to be done to consolidate success and create predictable business conditions. To achieve these objectives the Government developed a bill “On the protection and promotion of capital investment and the development of investment activity in the Russian Federation” and the State Duma passed the bill in the first reading. The consideration of the bill in the second reading is scheduled for the year 2020.
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