State Capitalism
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(MAXIM ZMEYEV/AFP/Getty Images)
State Capitalism
Russia’s Great Bank Takeover

For the past year, the Central Bank of Russia has been systematically destroying the country’s private banks, consolidating immense financial power in the hands of the Kremlin.

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State Capitalism
Putin’s Crony Gets His (Un)fair Share

The purchase of Bashneft by Rosneft represents one more example of how the “market economy” works in Russia—especially when money is being transferred from one state-owned pocket into another.

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