Between regulation and the free market | Russia Beyond The Headlines:
"Russia no longer has the command economy of the Soviet-era but equally has not yet evolved into the open and entrepreneurial style which is typical of a developed nation. State policies still create an important backdrop to economic activity, determines the course of industrial development and directly impacts on company profitability.
For some, so-called strategic industrial sectors, the state is the key determinant of how these sectors will grow and how profitable they will be for investors and businesses.
In almost every country there are industries which are highly regulated because they are deemed critical to the well-being of the economy and the population. Power and gas utilities in Russia are in this category and the state exclusively determines the tariff rates and competition issues."
'via Blog this'
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