Saturday, 14 January 2012

Index of Economic Freedom says Russia ‘stuck’ at ‘mostly unfree’ level

The Heritage Foundation and Wall Street Journal have released their annual Index of Economic Freedom rankings list. Russia’s score remains unchanged at 50.5, making it 144th in the world in the “Mostly Unfree” group together with Italy, Greece, Brazil, China and India.
“Its score is unchanged from last year, with a significant increase in business freedom counterbalanced by a significant deterioration in control of government spending,” read the report. “The Russian government has demonstrated little if any commitment to economic reform in recent years, and the country’s economic freedom score remains stuck at the lower end of the ‘mostly unfree’ category.”

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