July 17, 2009 By James Kimer

A. Lebedev as the Oligarch and Anti-Oligarch

alex_lebedev071709.jpgTIME magazine has published a very interesting profile of Alexander Lebedev and his quest to reform Russia.  Robert Amsterdam is quoted in the excerpt below.

What is not simple is Russia. That quintessentially Russian query — What is to be done? — continues to bedevil the Kremlin. The country is, after all, falling apart. The price of oil is down sharply from its high of $147 a barrel in July 2008. The markets have been badly shaken by Putin’s attack on steel giant Mechel, the breakup of the oil conglomerate TNK-BP (during which the Russians none-so-subtly squeezed out their British partners), and last summer’s war with Georgia. And then, of course, there’s the global financial crisis, which has hit Russia particularly hard. On top of all the economic woes, there’s a shrinking population, a military that remains something of a joke and a problem with AIDS. Plus, you still can’t (or shouldn’t) drink a glass of tap water in central Moscow.