Posts Tagged ‘sberbank’

February 2012

Russia 2012 forum highlights the need to separate government and economy


Mass privatization, power body reforms, creation of a competitive political system and the pardon of Mikhail Khodorkovsky – these are the steps that foreign investors are waiting for from the Russian ruling elite, as the annual “Russia 2012” economic forum showed.

The forum was organized by Russia’s largest bank, Sberbank, and investment company Troika dialogue as a continuation of the Davos economic forum.

Troika Dialogue head, Ruben Vardanyan, described Russia’s three main challenges. “First of all, corruption. Secondly, the problem of government’s interference in the economy and the high level of monopolization. Thirdly, the political system has outdated itself,” Vardanyan said while opening of the forum on Thursday.

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