A bad day for Abramovich

by Andy on February 13, 2007

Roman Abramovichderipaska.jpgIt’s been a bad day for Roman Abramovich – he’s not only been unseated at the top of Russia’s richest man league, but he’s been told by Putin that he cannot resign as governor of Chukotka because he’s doing too good a job.

Russia’s richest man is now Oleg Deripaska, an aluminium magnate.  He’s one of four men in the top five who have made their fortunes from minerals of some kind or another.  So much for the myth that Russia’s economy runs only on oil and gas…


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February 14, 2007 at 11:52 pm

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La Russophobe February 14, 2007 at 7:11 am

Nah, you’re way, way off on this one. Is the computer software industry America’s most signficant because Bill Gates is America’s richest man?

The myth isn’t that oil and gas are the only source of income for the Russian economy. The myth is that Russia has no significant manufacturing sector and depends wholly on the sale of finite raw materials to surivive, with oil and gas generating by far the most revenue, a great majority of which is seized by the state in the form of taxes.

And, oh yeah, the “myth” is absolutely 100% true.

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La Russophobe February 14, 2007 at 9:58 pm

It is interesting, however, that not only does Putin now appoint the governors but he also holds them as slaves, deciding whether they can or cannot resign. How long before the people of Russia follow suit, I wonder? Russia can’t go on losing 1 million people ever year and receiving an influx of dark-skinned immigrants without sooner or later banning Slavic exodus, just as in Soviet times.

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angelina ruban March 20, 2007 at 4:33 am

dear, roman i have some good business proposition, can you please email me or call me, i will wait. my cellphone number is 1(206)478-9524 sincerely,angelina

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