JRL NEWSWATCH: “Hegemony of state in Russian economy deepens, warns watchdog” – bne Intellinews

Men Sitting Around Long Oval Boardroom Table, File Photo of FIFA Officials Meeting with Vladmir Putin

“… the state is no longer simply setting the rules of engagement, but attempts to regulate the whole economic system of the country, Federal Anti-Monopoly Service (FAS) watchdog warns …. [as is] evident on both federal and regional levels, where authorities are interfering in local business relations and engage in regional protectionism. … Before the 1998 crisis the state’s share in the economy was estimated at … 25%, growing to 40-45% by 2008, and exceeding 50% in 2013. FAS assumes that in 2017-2018 the share of the state in the economy already exceeds 60-70% of GDP. …”

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