Michael Calvey, a prominent American businessman in Russia, found himself imprisoned after 25 successful years in the venture capital sector. His detention stemmed from a fraudulent case tied to a commercial dispute with Russian partners over asset stripping, resulting in his dramatic fall from grace. Calvey's new book, Odyssey Moscow, chronicles his harrowing experience within the Russian court system, serving as a vital warning about the dangers foreign investors face in an arbitrary and hostile legal environment, even as U.S.-Russia relations seem to improve under Trump.
In the course of a few surreal, terrifying hours I have morphed from one of the most successful Western businessmen in Russia into a prisoner of the state.
Mr. Calvey's fate stands as a cautionary tale about the significant personal and professional risks involved in doing business in Russia, particularly given the arbitrary nature of its courts.
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