Tuesday 21 August 2007

Further state ownership of petrol industry in Russia

A Moscow Court ruled to return to state ownership equity stakes in Bashkir fuel and energy companies, which are presently held by private companies. This is just an other victory of Putin to regain complete control over the Russian petrol industry and resources. I do not trust Putin to let the people profit from their owns country resources, but fear, that it will just help Putin to prolong his undemocratic rule over Russia. Some fear, he might try to run for a third presidency, but I believe, he just wants personal control over the Russian petrol.

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