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In recent years the power relationship between business and the state in Russia has moved strongly in favour of the state, with the state increasingly involved in Russia's leading business sectors and with increasing state ownership in key industries. This book surveys these important changes and assesses their significance. It discusses how strategic government policies have been formulated, and examines the objectives and means of policy concerning strategic assets. It explores the impact of increasing government control of the economy on both domestic business and foreign investors, and assesses the implications for Russia's external relations. It includes coverage of the key energy sector.
Table of Contents
Introduction Peeter Vahtra and Kari Liuhto Russia's current state ownership policies Yegor Gaidar (former Russian Prime Minister) 1. Means and objectives of Russian policy-making about strategic assets Philip Hanson 2. Recent takeover of assets by Gazprom in the Russian natural gas sector Andreas Heinrich 3. Globalisation of the Russian companies - implications of increasing state control over the economy Markku Kivinen 4. Chapter as yet untitled David Lane 5. Strengthening strategic government policies in Russia Kari Liuhto 5. Political economy of expanding state ownership in Russia William Tompson 6. Redefining the role of the state in the Russian economy - implications on corporate governance and foreign investor behaviour Peeter Vahtra 7. State support to Russia's industrial enterprises Andrei Yakovlev Conclusions