(no subject)
By applying pressure on shareholders and bankers, the authorities are helping companies survive.
These interventions differ little from some of the actions western governments are taking to support troubled industries, notably carmaking. Unlike the US and European Union states, the Russian government has huge reserves to finance its moves. But with a much bigger state role in the economy and with far less effective markets, Russia risks stifling a future revival.
FT
These interventions differ little from some of the actions western governments are taking to support troubled industries, notably carmaking. Unlike the US and European Union states, the Russian government has huge reserves to finance its moves. But with a much bigger state role in the economy and with far less effective markets, Russia risks stifling a future revival.
FT