Persuading Russia's Bullies To Play Fair

The country's securities czar discusses his plans for real reform

Igor Kostikov has one of Russia's most challenging jobs. As chairman of the Federal Securities Commission, he's in charge of cleaning up Russia's notoriously wild markets. Since being appointed by President Vladimir V. Putin in February, Kostikov has protected minority shareholders from the maneuverings of some of Russia's most powerful companies, including Norilsk Nickel and Unified Energy System. In a few weeks, he will propose an ambitious overhaul of Russia's oppressive taxes on securities. On Oct. 6, he sat down in Washington, D.C., with BUSINESS WEEK European Edition Editor Patricia Kranz.

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