The way BP have been ripped off in Russia?

Question

Can Western companies ever trust Russia in business again?

Answer 1

I am not sure Putin is undermining his country by retaining real power of government and then expropriating the property of a business partner.  It is a short term maximizer's approach to commerce.  But, if he persists with this course Russia will lose its standing in world trade.  I happen to own MTL shares so I am still hoping that the trend does not continue.

Answer 2

If they had any brains, this possibility was factored into their plans from the start.  Investing significant amounts into any country with a dubious track record of failing to enforce the rule of law (see Venezuela, see Zimbabwe, see...) means you must have much more of a margin of safety in your anticipated returns.