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Case Study of Slavneft’

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Part of the St Antony’s Series book series

Abstract

Following Putin’s victory in the presidential elections of March 2000, he defined a new modus operandi for relations between the state and big business. Accordingly, in exchange for the withdrawal from politics of big business, the latter could retain property that had been acquired through questionable means. Representatives of big business would no longer receive any preferential treatment from the state, and their interactions with state officials would take place through formal, institutionalized channels instead of through biased, personal relationships. In this regard, it was expected that privatization under Putin would be qualitatively different from that under Yel’tsin. Indeed, the first major privatization under Putin, the sale of ONAKO oil company in September 2000, was hailed as the ‘best privatisation Russia … had’1 until then, given that it was ‘honest, open and absolutely competitive’2 and based on ‘a competition between financial proposals’3 instead of political connections.

Keywords

Presidential Election Liberal Democratic Party Investor Sentiment World Market Price Russian Government 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 6.
    See Leonid Brodskiy, ‘Novye naznacheneniya v pravitel’stve: Anatoliy Fomin — pervyy zamministra topliva i energetiki’, Kommersant’, 8 April 1993.Google Scholar
  2. 11.
    Arthur F. Bentley, The Process of Government: A Study of Social Pressures, 1995 ed. ( New Brunswick: Transaction Publishers ), p. 117.Google Scholar
  3. 12.
    Kenneth A. Shepsle, ‘Comment on Derthick and Quirk’, in Regulatory Policy and the Social Sciences, ed. Roger G. Noll ( Berkeley: University of California Press, 1985 ), p. 233.Google Scholar
  4. 18.
    Aleksandr Romanikhin, ‘Neftyanye kompanii slishkom uvleklis’ eksportom syroy nefti: Rossiya zakupaet vse bol’she benzina na granitsey’, Segodnya, 14 August 1996.Google Scholar
  5. 54.
    Sergey Pravosudov, ‘‘Slavneft’ i TNK vedut pozitsionnuyu voynu’, NG Politekonomia, 20 June 2000.Google Scholar
  6. 71.
    See Liz Fuller, ‘Ingushetia’s President Bows Out’, Radio Free Europe/Radio Liberty Caucasus Report, 3 January 2002.Google Scholar
  7. 74.
    Julia Latynina, ‘Make an Honest Woman of Slavneft’, Moscow Times, 11 December 2002.Google Scholar
  8. 80.
    Aleksey Makarkin and Sergey Savushkin, ‘Rol’ lichhosti v istorii neftyanoy goskompanii’, Neft’ i Kapital, no. 10, 2002.Google Scholar
  9. 93.
    Mariya Ignatova, ‘Roman s neft’yu: ‘Slavyanskaya’ neft’ stala sibirskoy’, Izvestiya, 19 December 2002.Google Scholar

Copyright information

© Li-Chen Sim 2008

Authors and Affiliations

  1. 1.Zayed UniversityUnited Arab Emirates

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