The U.S. Department of State’s Investment Climate Statements provide information on the business climates of more than 170 economies and are prepared by economic officers stationed in embassies and posts around the world. They analyze a variety of economies that are or could be markets for U.S. businesses.  The Investment Climate Statements are also references for working with partner governments to create enabling business environments that are not only economically sound but address issues of labor, human rights, responsible business conduct, and steps taken to combat corruption.  The reports cover topics including Openness to Investment, Legal and Regulatory Systems, Protection of Real and Intellectual Property Rights, the Financial Sector, State-Owned Enterprises, Responsible Business Conduct, and Corruption.

The ICS report will not be published in 2022. Russia’s unjustified, full-scale invasion of Ukraine since February 24, 2022, has resulted in a dramatic downturn in the Russian economy’s outlook and has led the Government of Russia to rapidly introduce policies fundamentally harmful to foreign investors and the private sector.  These will be evaluated in future ICS reports.  To access the 2021 ICS country report for Russia, visit the U.S. Department of State Investment Climate Statements  website.