Market Overview

Is Russia's Government Corrupt? Russians Certainly Seem To Think So ...

Is Russia's Government Corrupt? Russians Certainly Seem To Think So ...

Russia's opposition leader Alexei Navalny was arrested this week ahead of an anti-corruption protest he was scheduled to take part in. On one hand, images of his arrest could spark mass demand for a government cleanup, but on the other hand images of his arrest could strike fear in people looking to bring about change.

Several Russian-themed exchange-traded funds appear to be unaffected by the news. Shares of iShares MSCI Russia Capped ETF New (NYSE: ERUS) gained 0.31 percent Tuesday morning while the SPDR S&P Russia ETF (NYSE: RBL) lost 0.16 percent on light volume.

What Do Russians Think?

Regardless of what might come next, the Russian people are in fact angry about high-level corruption in their government, Statista noted. Based on a survey from the Levada Center, 32 percent of Russians think corruption runs all the way from the bottom of the government to the highest levels.

Meanwhile, 47 percent of Russians believe there is some form of corruption to be found at some government levels, Statista added.

Russian President Vladimir Putin is personally responsible for the financial abuse and corruption in his party, a further 25 percent of Russians believe. Just 9 percent of Russians think Putin's share of the blame is zero.

Finally, a minuscule minority of 1 percent believe there is almost no corruption whatsoever in the Russian government.

Infographic: How Russians Feel About Corruption  | Statista Source: Statista

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Image Credit: By MARIAJONER - Own work, CC BY-SA 4.0, via Wikimedia Commons

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