The State-Controlled Banks and the State-Owned Enterprises and Their Privileges

Albrecht Rothacher ()

Chapter Chapter 7 in Putinomics, 2021, pp 213-225 from Springer

Abstract: Abstract State controlled banks and state-owned enterprises are strategically placed at the heart of the Russian economy. This chapter shows that they are directly managed by key Kremlin figures, operate for their personal benefit and serve the Kremlin’s industrial policy interests foremost, and certainly not the commands and needs of the market. This study shows their privileged role in public procurement, in import protection, and in the direction of capital investment in industries and companies favoured by the Kremlin to the detriment of other more market oriented companies.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-74077-1_7

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DOI: 10.1007/978-3-030-74077-1_7

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