The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Life after Luzhkov: What happens to Moscow’s assets?

The ousting of long-time mayor Yury Luzhkov could pave the way for the sale of a number of prime assets owned by the Russian capital’s administration. Guy Norton reports.

IT OFTEN SEEMS that nobody survives for long in the dog-eat-dog world of modern Russian politics. Nobody, it seemed, except Yury Mikhaylovich Luzhkov, the septuagenarian mayor of Moscow, who for the best part of almost two decades oversaw the running of the Russian capital and was effectively the third most important political figure in Russia after president Dmitry Medvedev and evergreen prime minister Vladimir Putin. Having been in charge of Moscow’s affairs since 1992 and having easily triumphed in three mayoral elections, Luzhkov had helped engineer a vast improvement in Moscow’s economic fortunes and presided over landmark construction projects such as the MKAD outer ring road and the showcase Moscow City financial district, which is at the heart of plans for Moscow to position itself as a global financial centre.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree