Russia: Putin mulls levy on state asset sales from 1990s

posted by
February 9, 2012
Business Week    
Posted in News

"Russia may charge businessmen who acquired assets in 'unfair' 1990s state sales a one-time levy, said Prime Minister Vladimir Putin, who’s campaigning to return to the presidency in next month’s election. ... Putin has refused to reverse the state asset-sales of the 1990s, which handed vast holdings in the oil, metals and other industries to a small number of so-called oligarchs, or wealthy businessmen, who built close ties to the government after the fall of communism." (02/09/12)

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