"We have a different country now, a different president, a different government that cannot allow what happened then," he said. Kostin said his proposals were not an attempt to sell off the people's wealth. They wielded considerable political influence and embodied some of the worst aspects of a new capitalist system characterised by a vast gulf between the super-rich and ordinary Russians.
Under that programme, state property was sold very cheaply to well-connected businessmen who became known as "oligarchs". Occurring or made hastily on impulse: a spur-of-the moment choice. All log cabins have kitchens, fireplaces. He criticised Anatoly Chubais, who in 1995 became known as post-Soviet Russia's privatisations tsar, presiding over a so-called loans-for-shares scheme under then-President Boris Yeltsin. if you do something on the spur of the moment, you do it as soon as you think of it, without planning or preparation: When they telephoned me with the offer of a job abroad, I decided on the spur of the moment to accept. Spur of the Moment Ranch is set on the Nicolet Recretional Trail in Mountain, WI. Telecoms operator Rostelecom (RTKM.MM), defence conglomerate Rostec and state nuclear energy company Rosatom could have subsidiaries privatised, he said, adding: "The main thing is not to miss the moment when we can attract private money here." He said some industries lacked competition, a hangover from Soviet times, a consequence of which would ultimately see more investors take money elsewhere. Kostin cited the sale of a near 20% stake in oil major Rosneft (ROSN.MM) as an example, suggesting similar moves could be made with oil pipeline monopoly Transneft (TRNF_p.MM), Russian Railways or Russian Post. Pulling inspiration from one of our favorite landscapes, Color Club has created six new. "It could be some kind of non-controlling stake in public companies," Kostin said in the interview. Purchase this product to get 85 reward points. "Privatisation can come in many forms," Kostin said. With Diana Hyland, Marsha Hunt, Philip Ober, Roger Davis. In an interview with television channel Rossiya-24, Kostin said Russia needed to attract as much private money as possible and to increase public investment, which he envisages through a sharp increase in the level of public debt. Spur of the Moment: Directed by Elliot Silverstein. MOSCOW, April 24 (Reuters) - Russia needs to attract as much private money as possible and could offer non-controlling stakes in large state companies to investors as part of a privatisation drive, Andrei Kostin, the head of state bank VTB (VTBR.MM), said on Monday.Įarlier this month, Kostin wrote that Western sanctions had destroyed elements of Russia's economy that took 30 years to build and the country needs to create a new growth model through privatisations, reallocated budget funds and more state debt. Definition of spur of the moment in the Idioms Dictionary.
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