Few will invest in a country that uses state power so arbitrarily It is hard to imagine a worse moment for the Kremlin’s inner circle to launch an attempt to strong arm one of Russia’s wealthiest men out of a multibillion-dollar asset. For Tuesday’s house arrest of Vladimir Yevtushenkov , number 15 on the country’s rich list, on money-laundering charges, looks to be exactly that. If it is ever to achieve its ambition of catching up with more advanced economies, Russia urgently needs investment – both foreign and domestic – in new capacity and enhanced productivity to restart stalled growth. Yet even before it launched its military adventures in Ukraine , Russia’s rich preferred investing their profits in foreign assets, London mansions or Liechtenstein trusts to ploughing them into new Russian factories. More On this story On this topic Editorial The Kremlin’s undeclared war in Ukraine has sparked escalating […]