NYT on Gazprom

From this morning’s NYT:

Gazprom’s surge comes as a remarkable advance for Russian capitalism. Though 51 percent of the company is still owned by the government, its revenues in a few days dwarf the sums involved in the country’s financial implosion of the 1990’s. On Aug. 14, 1998, Russia’s economy collapsed after it defaulted on $13.5 billion in Treasury bonds – less than the rise in Gazprom’s market value on Thursday.

Wow.

Posted by on January 13th, 2006 at 5:31 am


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