Word: delyagin
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...indexes rose from 782.4 and 702.3 respectively last Monday to 803.2 and 715.4 by Friday's close. When Fitch Ratings upgraded Russia's sovereign credit rating last week to BBB from BBB-, the picture looked even rosier, and pundits pronounced the post-Yukos gloom to be over. But Mikhail Delyagin, an economist and head of the Moscow-based Institute of Globalization Studies, urges caution. "The indexes are propelled by growing oil prices," he says, arguing that most of the Russian economy is under the influence of Moscow's political élite. Even so, with oil hitting new highs, doesn...
...Sergei Markov, a prominent pro-Kremlin analyst, dismisses Belkovsky's predictions, recalling his past links with exiled oligarch Boris Berezovsky, a Putin nemesis. Markov acknowledges that Putin suffered setbacks in 2004, but says he remains "confident and in charge." But Mikhail Delyagin, a member of the pro-Putin nationalist political movement Rodina, agrees with Belkovsky's diagnosis. Putin's wobbly response to the pensioner crisis "shows he's not capable of comprehending the acuity of the situation," Delyagin says. And even if he was, Delyagin thinks he wouldn't be able to do much about it: "His team...
...while my utility bills have increased by 150%. The state must really hate its defenders to taunt them like this." The cutbacks triggered protests all across Russia, and a rare volley of criticism aimed directly at President Putin. "With this legislation, Putin has delegitimized his office," says Mikhail Delyagin, an economist and director of the Institute of Modernization. "He's created the threat of a major state crisis and the disintegration of Russia." That may be hyperbolic, but such open opposition to the government is extremely rare in Putin's Russia - and the Kremlin is still jittery after Ukraine...
...MIKHAIL DELYAGIN, economist
...pieces of Yukos at the state-run sale expected to follow Yukos' demise. "The appointment of Putin's closest and most secretive lieutenant as head of Rosneft is a sign that Putin has set out to take over the Russian oil industry," charges Economist Mikhail Delyagin, a former top aide to President Boris Yeltsin, now director of the Institute of Modernization, a Moscow-based think tank. Many oil magnates, officials and analysts believe a Rosneft takeover is the real motive for destroying Yukos. "Sechin's role in this is an open secret," says Duma deputy Alexei Kondaurov, a former...
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