Why being an entrepreneur in Russia could land you in jail

It's a whole new angle on creative destruction

Vladimir Putin
(Image credit: Jeff J Mitchell/Getty Images)

Russia is a pretty unfriendly environment for business start-ups right now.

Not only have shrinking oil revenues slowed economic growth to a languid 1.6 percent, making it harder to get a small business off the ground, but many innocent people are going to jail for white collar crimes — the result of endemic police corruption.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.