The recent remarks from Ernst&Young could undermine Russia’s appeal for foreign investors. In one of the interviews, John Battle warned that negligence to environment issues could put off companies potentially interested to bring capital to this country.
      
      
       Poor legal framework and lack of control might cost a lot. One example is Sakhalin 2 Project, sponsored by European Fund for Reconstruction and Development, which now waits for an official review of the environmental situation, with funds frozen. Another is the Baikal Cellulose and Paper Mill, placed at the shore of the world jewel, the deepest and most pellucid lakes on the planet. It happened only due to slackened activities and no enthusiasm at all on the part of the factory.
      
      
       Russian authorities now got aware ecology is not just a game and the country is not a pristine planet with no boundaries, say the experts. They realized something needs to be done to catch up the world’s demands and growing standards. Too slow, though, as usual…