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Illarionov: UES’s share price collapse is a national disgrace that has lost the state $3 billion |
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Anatoly Chubais, the CEO of Russian utilities monopoly United Energy Systems (UES), bowed to pressure from an odd alliance of minority shareholders and the Kremlin by calling a moratorium on UES asset sales at the end of last month.
Chubais has had to face down a rising tide of criticism as UES share prices took a beating over the past six months.
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