In Hard Times, Russia Moves In to Reclaim Private Industries — NY Times


Mr. Putin, the former president and current prime minister, has long maintained that Russia made a colossal error in the 1990s by allowing its enormous reserves of oil, gas and other natural resources to fall into private hands.

He has acted uncompromisingly — most notably in the case of the Yukos Oil Company in 2003 — to get them back.

Now, the Kremlin seems to be capitalizing on the economic crisis, exploiting the opportunity to establish more control over financially weakened industries that it has long coveted, particularly those in natural resources.

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