Abstract
The past 15 years have seen dramatic changes in Russia's investment treaty and arbitration practice. As a major player in international investment activities and a prominent constituent of the group of 5 BRICS countries which is considered to be a new power hub in international relations in the twenty first century, Russia's divergent approaches to investment treaties and arbitration practice have attracted wide attention and debates. What adds to that curiosity is that Russia is a significant participant in the United Nations Commission on International Trade Law (UNCITRAL) discussions to reform the investor-state dispute settlement (ISDS) mechanism, and the world has been watching any slight shifts in its approach closely. Hence, it is necessary to gain insight into the underlying consideration of Russia's legal practice.
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