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.

Tackling natural monopolies proves a tough task

Russia’s three biggest monopolies – the companies that control gas and electricity production and supply, and the railways – need heavy investment and reorganization. President Putin is trying to push through change but he is dealing with “states within the state”.

No-one outside the railways ministry understands how
money is spent on the rail network

Despite a decade of economic turmoil Russians still have a standard-of-living safety net. They are clothed, few of them starve and everyone has a heated apartment. Without reform this won't last. Infrastructure built in the Soviet era is still propping up the economy, but Russia is living on borrowed time.

The infrastructure is slowly decaying. There has been virtually no investment in the fuel and energy sector or the rail network since 1991.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and 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