Colossus on the road to market

The old guard remains in control at Gazprom, Russia's dominant gas producer. But can they fend off plans to liberalize the gas sector?

RUSSIA: THE NEXT CHAPTER

In the high-stakes drama of Russian economic reform, the “red director” is the acknowledged bad guy. Popular wisdom has it that the presence of the Soviet old guard is an impassable roadblock to industrial restructuring. The quicker they are swept away by corporate raiders, whether foreign or Russia’s own young financial Turks, the better. The stereotype is eloquently defined by raider par excellence, Boris Berezovsky: “These are production guys whose one thought is whether the press is stamping,” he sneers.

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