In 1995, the American Association for the Advancement of Science and the American Society for Engineering Education received a grant from the National Science Foundation to undertake a project aimed both at assisting Russian philosophers in developing curriculum on engineering ethics and learning how context affects the teaching of engineering ethics. The project began with three Russian philosophers visiting the U.S. to observe how we teach engineering ethics. The American members of the project then made three visits to Russia to be part of three different workshops that brought together Russian professors from a variety of disciplines to exchange ideas about teaching ethics among themselves and with the Americans. During these visits, three of the Russians asked if we thought American philosophers would be interested in hearing about the Russian situation. We were delighted by the question (especially since we had become fascinated with the differences in Russian ideas about ethics), and responded with enthusiasm for the idea of their writing such an article. The article that follows is the result of their endeavor to explain how business ethics issues arise in Russia. Among other things, the article reveals how Russia’s history and the experiences of Russians under the U.S.S.R create a context extremely different from our own, for thinking about (and teaching) business ethics.