Russia is one of the most corrupt countries in the world and Vladimir Putin’s future will be decided on whether he can bring in reform to clean up the country. This single issue is more important than all his other election promises as it holds back Russia’s growth and the country’s investment climate - and unifies the disparate opposition.

THE DUST has now settled on the Russian presidential elections and Vladimir Putin will be running Russia for the next few years. But what will he bring to the country and what will keep him in power?

Fighting corruption is the key. There was substantial evidence of widespread manipulation and fraud during the elect...

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Professor Sergei Guriev
Corruption is a heavy tax on economic growth. Both Mr Putin and Mr Medvedev estimate that just one kind of corruption, corruption in government procurement, costs Russia about two per cent of GDP.
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