“A New Species” of Bureaucratic Capitalists

Lilia Shevtsova of the think tank Carnegie Endowment for International Peace is quoted in today’s Financial Times remarking on the rise of “a new species” of bureaucratic capitalists in the Kremlin.


From the FT:

“The slow murder of Yukos has been a watershed,” says Lilia Shevtsova, senior associate at the Carnegie Endowment for International Peace. As a result of the takeover, “Russia has made a U-turn” and “a new species” of bureaucratic capitalist has replaced the oligarchs of the Boris Yeltsin years. The victor in the process was Rosneft, the state-controlled oil company chaired by Igor Sechin, Mr Putin’s deputy chief of staff and one of the Kremlin insiders Mr Khodorkovsky hinted at darkly in an interview four years ago, when he said: “There’s a group of officials in the Kremlin that want to take my company away from me.”