Demand on Russian bailout companies

Author (Person)
Series Title
Series Details 3.2.10
Publication Date 03/02/2010
Content Type

Article says that the Kremlin has ordered Russian companies rescued by state bail-outs during the financial crisis in 2008 to help modernise the Russian economy and reduce reliance on oil and gas exports.

Dmitry Medvedev, the Russian President said on the 2 February 2010 that the 'government had the right' to count on companies that received state bail-outs in 2008 to invest in the modernisation of the economy and not to 'continue the policy of increasing natural resource exports'.

Related Links
ITAR-TASS, 2.2.10: Medvedev sets task of encouraging investments
ESO: Background information: Kremlin refuses to bail out Russian oligarchs
ESO: Background information: Medvedev seeks to curb state companies

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