Thirsty oligarchs
- From: Vol 5, Issue 8 (August 2004)
- Category: Analysis
- Region: Europe
- Country: Russian Federation
Russia’s capitalists are buying into water. Do they know what they are getting into?
Talking of crony capitalists, it would appear that Russia’s oligarchs are discovering the water industry (see report p15). With no need for open tenders, or cash payments to acquire assets and no serious regulator in sight, the water sector is a potential bonanza. Foreigners are kept out. By the end of next year, there will be no Russian utility ...
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