Abstract

The Russian Federation (Russia) has not managed to improve its investment environment effectively. The impetus of easing access to strategic industries for foreign investors and improving its domestic legal regime have not reached its full potential either. The on-going geo-political and geo-economic conflicts in and around Russia as well as the uncertain investor protection regime coupled with a general lack of rule of law in Russia contribute to this trend. As a consequence there is a growing discontent about the investor-state dispute settlement involving bilateral investment treaties ...