fbpx

A Warning from Chubais

From Anatoly Chubais in the Wall Street Journal today:

Still, according to Mr. Chubais, Mr. Putin probably meant what he said. The latest bout of state intervention in Russia was no more planned in Moscow than in Washington or Europe, he says. The problem, he says, is that the result may be the same, even if it wasn’t intended.

“We have a very bad tradition in Russia, where strategy comes from tactics. So what I am afraid of is that this tactic [of taking government stakes in companies] will become a strategy, which is a real risk,” said Mr. Chubais, who was in Davos when Mr. Putin made his speech.