| Willem Buiter | ||||||
A cooling in relations between Sergei Dubinin, former governor of the Russian central bank and now deputy chairman of Gazprom, and the EBRD lies behind the very public dispute between the bank and the management of Russia’s largest company. The dispute, which concerns the transparency of Gazprom’s management structure, has developed into a wider campaign to improve corporate governance among Russian companies.
The bank had high hopes that Dubinin, a long-time associate of the EBRD, could shift the Gazprom board towards greater openness.
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