What is the transition period beginning in 1990s to market economy in Russia and why does it present many difficulties for businesses and foreign investment policies?

Since the early 1990s, emerging market in Russia has been the biggest and the fastest-growing market in the world.  If the cost of dealing with risks exceeds the higher returns, then the business case for investing in the emerging economy fails.  The key to any good investment is recognizing risks of return capital and managing them by choosing the right framework. 

       The risk analysis is based on several studies that analyze the risk environment in Russian emerging market.  The analysis in this section will be based on the Opacity index, which is compiled by the Kurtzman group. This index breaks risk environment into five major factors:  Corruption (C), efficacy of legal systems (L), deleterious economic policy (E), inadequate accounting and governance practices (A), and detrimental regulatory structures (N) ─ (CLEAN). 

Inquiring difficulties are associated to manage high risks of investment to emerging market in Russia and design framework for investors.