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What lies behind Russian investment in Bosnia-Herzegovina?

In part one of our story on Russian investments in Bosnia and Herzegovina, we took a look at the history of Russian financial involvement in this country in the Western Balkans, showing that, despite what on the surface looks like a large portfolio of serious investments, Russian investors, be it state-owned companies or private entrepreneurs, hardly stand to profit.

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Western sanctions and Russian oligarchs

Are Western sanctions on Russia working? Their effects on the economy as a whole, and on specific sectors, are much scrutinised. By contrast, their impact on Russia’s economic elite remains little studied. Yet this could prove highly significant, for two reasons. First, many elites are heavily dependent on access to Western economic and legal systems. Second, they are well placed to protect their interests. Elites have stronger intrinsic motivation and ability to minimise sanctions’ effects than the wider population.

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