Russian Modernization, Part 2: The Kremlin's Balancing Act

Russia is undertaking an ambitious modernization program in order to ensure its strength in the long term. However, it lacks the expertise, capital and technology to accomplish its goals on its own and must appeal to foreign firms and investors. The Kremlin is making changes to Russia's strict laws concerning foreign businesses and investment, but is taking care to maintain control and avoid importing potentially dangerous levels of foreign influence along with foreign business. Editor's Note: This is the second installment in a series on Russia's modernization efforts. For the first installment, click here.