Medvedev seeks to curb state companies

Article reports that Dmitry Medvedev, Russia’s President, has called October 2009 for sweeping curbs on state corporations that control swathes of the Russian economy, declaring that many should be closed.

His proposal could spell the end for state corporations, which grew quickly while Vladimir Putin, prime minister, was president.

President Medvedev believes the Russian economy should be modernised, and it is necessary to stop its being based on raw materials. He stated this at a meeting in the Kremlin on the 21 October 2009 with representatives of the business community - members of the Russian Union of Industrialists and entrepreneurs.

ITAR-TASS, 21.10.09: Medvedev holds Russian economy needs modernisation http://www.itar-tass.com/en/

Russia: President of Russia: Opening Remarks at Meeting with Members of the Russian Union of Industrialists and Entrepreneurs, Moscow, 21.10.09 http://eng.kremlin.ru/speeches/2009/10/21/2255_type84779_222280.shtml

ESO: Background information: Medvedev orders probe into state companies http://www.europeansources.info/record/medvedev-orders-probe-into-state-companies/

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