Central & Eastern Europe: Muddying the waters
Although Russia has a potentially lucrative asset in its power sector, legislation implemented by the Government to aid its development has only succeeded in complicating things further, write Steven Wardlaw and Georgy Borisov
The Russian State has, in the form of the assets that make up the power and heat sector, a potentially valuable asset that could be further liberalised and leveraged in order to achieve a number of stated aims: to maximise the value of those assets within a competitive market structure, to encourage external capital and know-how into the sector and to create an efficient power market as a growth engine for the Russian economy generally.
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