Leaving to Come Back: Russian Senior Officials and the State-Owned Companies
When Dmitry Medvedev announced in late 2014 that the presence of ministers and other officials should be sharply increased on the boards of public companies, observers were surprised, considering that four years before the former President started a campaign to remove them from the very same structures.
This change of trend is symbolic and finally closes the debate about state ownership management in Russia. In the crisis context in early 2014, the Kremlin decided to make a bet on mobilizing all resources under its control by sacrificing the program aimed at increasing the transparency and openness of management of Russia's state companies. The result of this has been the gradual replacement of independent businessmen on the supervisory boards of state-owned companies with government officials—both members of “Putin’s clan” and the chiefs of other sectors of government-owned industries.
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Leaving to Come Back: Russian Senior Officials and the State-Owned Companies
Russia/Eurasia Center
Founded in 2005 within Ifri, the Russia/Eurasia Center conducts research and organizes debates on Russia, Eastern Europe, Central Asia, and the South Caucasus. Its goal is to understand and anticipate the evolution of this complex and rapidly changing geographical area in order to enrich public discourse in France and Europe and to assist in strategic, political, and economic decision-making.
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