Russia Goes Down in WGI Rating

UrBC, Moscow, September 25, 2018. Russia is set a few steps back i noted World Governance Indicators rating, Kommersant refers to the World Bank’s annual report as stating.

According to the report, Russia’s WGI stayed below zero last year and reached as little as -0.48. In 2016, the index stood at -0.42.

A country’s WGI is based on six different criteria: accountability, political stability and low level of violence, government’s efficiency, quality of regulations, rule of law, and controlled corruption.

Bloomberg reported earlier that businesses have been forced to take their money back to Russia because of the sanctions. The agency claims business owners are converting their funds to Russian rubles and are relying much less on the U.S. dollar in their transactions.

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