How Russian uncapitalism works

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How Russian uncapitalism works
 © KNEWS 2020
By Paul Murphy

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership. In fact, by some estimates, the proportion of banking assets classed as ‘government-controlled’ has jumped from 58 per cent in 2016 to above 70 per cent now.

Unlike a PE operation, however, Putin’s people -- in this case led by Central Bank of Russia governor Elvira Nabiullina -- are not paying takeover premiums to those ‘selling...


This article was automatically added to our system 22-1-2020

How Russian uncapitalism works


The contents of this article including any associated images are © KNEWS 2020
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Article Tags: russian, uncapitalism, works,