What you are watching is the death agony of the oligarchs and the transformation of Russia into an authoritarian, dirigiste state-capitalist system, probably based on something like chaebols. Or that is my view.
We will see what happenes to the Yukos shares that got frozen. I think they will eaither be renationalized or given to a company that will serve as a proxy for the state (Abramovich would be a good guy to do this). In short, Yukos will become an oil Gazprom.
If I were Chubais, I would be worried.
>
>Well, I assume this winnowing process will 1) strengthen Putin in a number
>of ways 2) justify those privatizing operations that pass the test. There
>will be some interplay between 1 and 2. This is not necessarily good news.
>
>Joanna
>
>
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