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Reform rolls on with mixed success

Each month since last August, Vladimir Putin’s government has attempted to put in place a new aspect of economic reform. But some problems, notably the banking sector and the entrenched Soviet-style bureaucracy, are particularly intractable.

The Russian Duma has enacted a flurry of reform
bills in recent months

The wait is over. The Russian government is for the first time making a considered and systematic attempt to reform the economy and put in place the market-oriented mechanisms that will enable it to grow. Since the end of the summer, there has been a constant stream of laws and plans from the economic development and trade ministry (MinEcon), headed by economics tsar German Gref, which is overseeing the reform process.

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