Word: illarionov
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...much of the past decade, Andrei Illarionov has played a unique role in Russia: that of a liberal economist who helped shape policy while at the same time openly criticizing the government. He called for a devaluation of the ruble before the August 1998 financial crisis; he is credited as one of the architects of Russia's flat income tax; and from the outset of the first term of President Vladimir Putin, who appointed him economic adviser in 2000, he has been outspoken in his efforts to curb state interference in the economy, especially in the all-important energy sector...
...acquired the key assets of Yukos, is currently planning a public offering of up to 30% of its stock in 2006, a move that could raise as much as $20 billion. Rosneft is expected to seek a listing on the London Stock Exchange in the process. But critics, including Illarionov, say that Russia's economy is actually underperforming. Given the windfall profits it has been receiving from high oil prices, Russia's growth rate should be more like 15% than 6%, says Illarionov. Furthermore, Russia runs a clear risk by pegging so much of its economy to the energy sector...
...When I took the job, we spoke about pursuing a liberal economic policy. Now, the state has evolved in quite the opposite direction," explained economist Andrei Illarionov during a news conference where he announced his resignation as a key economic adviser to President Putin. Within hours of Illarionov's public decision, Putin's press service said the President had accepted the resignation...
...Illarionov?s decision to resign comes at a moment when the Kremlin is escalating its intention to dramatically hike gas prices in Ukraine by as much as a fourfold increase. On Saturday (December 31), Putin made Ukrainians another offer: Sign on the new price now, start paying three months later. Unless they accept the offer, which they hardly can, Putin ordered Gazprom to turn off the tap at 10 a.m. on January 1. On Saturday (December 31), Illarionov told TIME: ?Over the last 48 hours things between Russia and Ukraine have been developing under the worst possible scenario...
...Illarionov, 44, started in the Russian government at the heyday of the nascent and short-lived Russian democracy back in the 1990s as a member of ?young Turks? economists headed by Yegor Gaidar, Yeltsin's Acting Premier. In 1994, Illarionov quit the cabinet in the wake of his conflict with Premier Victor Chernomyrdin, whom he accused of stifling liberal reforms and staging an ?economic coup d?etat...