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Russia frees prisoners to boost economy

  • Russia is in need for entrepreneurs and knows it can find them in prison. The country has 1 in 10 prisoners serving time for crimes related to economy, many of which have been considered baseless.

    Official Boris Titov said the government has overreacted to the dangers of privatization. 

    A man, for example spent his savings in starting a business involving an animal print fabric, which was seized by the police and given to the competitors. The man was put in prison on a copyright infringement charge. The Russian police feel obligated to make arrests so they often end up accepting bribes from businesses to arrest their competitors. 

    13 prisoners were freed in the first month of amnesty program. The program is now 6 months old. 

    Tagged as: Russia to free prisoners, Russian prisoners freed, Amnesty program, Russian economic crimes, Business News