Doing Business in Russia

Russia has jumped five spots to 35th in the World Bank’s annual Doing Business Report that evaluates the ease of doing business in a country.

The Doing Business survey ranks 190 national economies based on 11 areas of business regulation. Russia’s new ranking places it ahead of many Western countries such as Belgium and Italy, and just behind Japan. 

Last year, Russia ranked 40th based on categories evaluating the ease of starting a business, registering property, getting loans, paying taxes, and enforcing contracts.