Word: putin
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...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. "He's one of the smartest people in Russia," says William Browder, founder of a Moscow-based investment fund. But last week...
...Putin insists that he is merely pursuing his nation's best interests. And he can claim some success: growth is a robust 6%; foreign debt has been slashed to one-tenth of what it was (as a percentage of the total Russian economy) six years ago; and, like Norway, the nation has been stashing away a part of its oil revenues in a "stabilization fund" that can be tapped in the future if oil prices drop sharply, causing a shortfall in the state budget. Putin also argues that, as the world's top natural-gas exporter and a leading...
...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...
...took a job as consultant with Swiss publishers Ringier in November; he even attended a rural language school in Wales to brush up on his English. Russian, though, might have been a better choice. Only weeks after brokering, as Chancellor, a deal with Russian President Vladimir Putin for a gas pipeline linking the two countries, Schröder earlier this month stepped into the role of project chairman. Set to start piping gas into Europe in 2010, the $5-billion North European Gas Pipeline is controlled by Gazprom, Russia's state-run natural gas supplier. Schröder appears...