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Privatisation or re-nationalisation in Russia? - Strangthening strategic government policies within the economy


  • Peeter Vahtra
  • Kari Liuhto
  • Harri Lorentz


Recent years have witnessed increasing state involvement in the Russian enterprise sector, which has been met with contradictory reactions from investors. In the current article, we discuss the development of privatisation and corporate governance in Russia in comparison to other CIS. We provide three company cases with subsequent discussion on ownership, control, and corporate governance in Russia, given the increasing state leverage in the country’s industrial sector. Aimed at facilitating discussion among policy makers, investors, and academics alike, we finally offer an insight into strategic dimensions of the Russian enterprise sector by developing a matrix of strategic government policies within the Russian industry.

Suggested Citation

  • Peeter Vahtra & Kari Liuhto & Harri Lorentz, 2007. "Privatisation or re-nationalisation in Russia? - Strangthening strategic government policies within the economy," Journal of East European Management Studies, Rainer Hampp Verlag, vol. 12(4), pages 273-296.
  • Handle: RePEc:rai:joeems:doi_10.1688/1862-0019_jeems_2007_04_vahtra

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    Russia; corporate governance; ownership; foreign investments;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions


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