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Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors.
The history of privatization in Russia is riddled with scandals, revealing the critical nature of the struggle for state funding in Russia today. At stake is influence over defining the rules of the political game. The aim of this article is to demonstrate how privatization in Russia gave birth to an oligarchic re-
Table of Contents. WHAT IS PRIVATIZATION? ....................................................................................................... 3. WHY PRIVATIZATION?.............................................................................................................. 10. STEERING THE PRIVATIZATION PROCESS..................................
“We need millions of private owners, not a handful of millionaires,” Russian President Boris Yeltsin said in an address to the nation explaining the purpose of privatization 30 years ago.
We first explain, in the context of Russian privatization,who the relevant stake- holders are, what decisions they have control over, and what damage they can do and have done if their ownership claims are not respected.
Aug 4, 2016 · Privatisation in Russia. In an effort to plug a widening fiscal deficit and preserve further depletion of its reserve funds, Russia’s government has been mulling over the idea of privatising some of its key enterprises.
Privatization became most effective west of the Urals, in areas with greater market access. Initially an outlier, by 2005 Russia appeared to be becoming more of a normal country, at least in the narrow sense of the impact of private ownership on firm productivity.
