The purpose of this paper is to explore the ties between business and power in Russia and to analyse the features of what can be considered a conflictual relationship. Using the approaches of D. North, J. Wallis, B. Weingast, and J. Nye as a starting point, this article provides an overview of new business development in Russia and suggests that power is an important factor in the relationship between businesses and authorities in a transitional society. Drawing on both a theoretical and

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... al analysis, it will be shown that ties between businesses and authorities have come to generate social distrust and negative attitudes towards both institutions in today's Russia.