Russia's Second Chance At Reform

Russia's most reform-minded cabinet since 1992 has just been appointed by President Boris Yeltsin, and it's off to a good start. The sacking of Vladimir Potanin, sending him back to his post at the Oneximbank, is a good sign that an effort will be made to put distance between the rich and powerful and the state. Breaking the grip of the new oligarchy on the government is the only way to free the economy for growth and generate the tax resources necessary to help Russia make the transition to capitalism.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.