Russian Federation

Russia: Building Rules for the Market - Press Review


1. Summary

Russian press coverage on the OECD’s Russia: Building rules for the market published on 20 June 2005 focussed on the report’s findings that implementation of business regulation reform is slowing while the government is becoming more interventionist in markets.

The daily Kommersant quoted the report’s comment that the “weakness, inefficiency and corruption” in all branches of the government are serious obstacles to the reforms. Izvestia led with the same criticisms.

Rossiiskaia Gazeta referred to recent events surrounding the energy groups Gazprom and Yukos as examples of growing government interventionism and quoted the report as saying Russia was “a weak state with powerful officials”.

In a series of four articles the Financial Times pointed to several weakness exposed by the report as reasons why the business climate in Russia had deteriorated. They include corruption and opacity in government and a politically dependent court system.

The French dailies, La Tribune, Les Echos and Le Figaro all led with the report’s concerns about the return of Russian state intervention in markets. La Tribune quoted OECD economist William Tompson’s concern at “the lack of political will” to strengthen the reform process.

In the German press, Süddeutsche Zeitung focussed on the political influences within the judicial system while Die Welt emphasised the need to boost competition in the rail energy and banking sectors.

2. References

21/06 - " Страна напуганных инвесторов"

21/06 - "Слабость, неэффективность и коррупция"

Rossiiskaia Gazeta
21/06 - "Слабая страна с сильными чиновниками"

Novy Izvestia
21/06 - "Организация экономического сотрудничества и развития не нашла в России признаков рыночной экономики"

21/06 - "Коррупция препятствует прогрессу экономических реформ в России"

21/06  - "OECD Warns Russia of Failing Economic Reforms"

The Moscow Times
21/06 - “OECD Slams State for Meddling in Economy”

Financial Times
29/06 - “Putin’s gambit“
27/06 - “Putin woos foreign business with pledge on investment climate”
24/06 - “Decline in investment hits Russian economy”
21/06 - “Russian economy loses steam amid falling oil output”

19/06 - “OECD gives Russia stern warning on economic reform”

The Economist
25/06 - Russia's economy - “Told you so”

La Tribune
21/06 - «L’OCDE dénonce le retour de l’interventionnisme en Russie»

Les Echos
21/06 - «L’OCDE inquiète de l’interventionnisme étatique en Russie»

Le Figaro
21/06 -  «Russie : l'OCDE redoute un retour du dirigisme économique»

Süddeutsche Zeitung
21/06 -  “Osteuropas Justiz greift zu selten durch”

Die Welt
21/06 -  “OECD mahnt Reformen an”

Das Handelsblatt
21/06 -  “Staat bremst Russlands Wachstum”

Neue Zürcher Zeitung
21/06 -  “OECD fordert ein Ende der Sowjetbürokratie”

21/06 -  «L'OCDE livre les plans d'accès de l'OMC à Poutine»

Wall Street Journal
24 /06 - ”Economic-Policy Clash Roils Russia's Cabinet”


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