Debate - Opinion in English, Russia and Baltic States

Search for article or name

Back to Toni Schönfelders homepage

Toni Schönfelder A lifetime of innovation

Web library-Bookmarks, My favorites

Debate - Opinion in English
Russia and Baltic States

Tillbaka till Tonis hemsida

Mina favoritlänkar, kolla in

Debattartiklar Ryssland

TaxFree handelns vara och icke vara

Tillägnad bussbranschen av Toni Schönfelder oberoende och fri debattör

Debatt artiklar av Harald Rosén (Det gäller flyg)

Artiklar som du bara måste läsa,Vakna upp i Sverige!

Toni Schönfelder
A lifetime of innovation

Verschiedenes in Deutsch

Toni Schönfelder
A lifetime of innovation

Putin Begins Crackdown on Russia's Oligarchs Russian tax police raided oligarch Vladimir Gusinsky's Media-MOST offices in Moscow on the morning of May 11. The Russian press is playing up the incident as a violation of democracy and free speech. More important, it is President Vladimir Putin's first official offensive against the corrupt upper tier of Russian businessmen. To prove his impartiality, however, Putin will next need to launch an equally strict operation against Gusinsky's rival, Boris Berezovsky. Armed with submachine guns and axes, tax police, Interior Ministry troops and investigators from the prosecutor general's office evacuated and searched the Media-MOST office. Media-MOST is a holding company founded by Gusinsky that operates the NTV independent television station, the Echo of Moscow radio and the Segodnya newspaper. The Prosecutor General's office released a statement that said prosecutors had discovered information on Media-MOST employees while investigating the embezzlement of government money. Last November, Media-MOST was also confronted by the Yeltsin administration for failing to pay a $42 million debt. On the surface, it appears that Putin is resorting to tactics most Western observers had hoped he would resist: using the Federal Security Services (FSB) to rough up his political opposition. Russian media immediately accused the Kremlin of Stalin-style intimidation and censorship. There are several factors that support this argument. Gusinsky's media outlets oppose Putin and his administration. NTV and Segodnya often publish features critical of the government, the war in Chechnya and Putin's rise to power. Also, Gusinsky does not primarily own commodities, which are the profitable industries that must be pulled out of the oligarchs' reach. Putin's goal is to separate the oligarchs from industries where they can steal enough money to damage the entire economy. In light of this goal, Gusinsky does not seem to fit the profile. But, through Media-MOST's connection to Gazprom, Gusinsky and his companies do have the power to pass on a significant financial burden, the effects of which will seep back to the national economy. In 1996 Gazprom bought 30 percent of the shares in Media-MOST. Since then, Media-MOST has accrued approximately $1 billion worth of foreign debt, for which Gazprom is liable. Should Media-MOST default, or should Gusinsky reallocate some funds to his personal accounts, Gazprom - in which the state has the largest stake - will have to pick up the debt. And the federal government, which relies on Gazprom's profit to cover more than 25 percent of government revenues, is not willing to sacrifice a billion dollars for Gusinsky. Finally, as a result of a rift among the powerful oligarchs who used to surround former president Boris Yeltsin, Gusinsky is Berezovsky's rival. Observers who believe Putin is in some way allied with or indebted to Berezovsky have already hinted that Putin is doing Berezovsky both a personal and professional favor, as Berezovsky owns several competing media companies. In order to prove he is prepared to systematically remove all of the oligarchs from powerful positions, Putin will next have to confront Berezovsky. Thus, in light of Putin's plan to use the secret services and tax police to wipe out the oligarchs, it becomes apparent that the raid on Gusinsky's companies was more than just a Kremlin attack on its political opponents. 2350 GMT, 000511 copyright" TARGET="_new">">

Advertising about Spain
All kind of information about Spain in my own web page

Fair use notice

The Toni Schönfelder Newsletter and website contains copyrighted material the use of which has not always been specifically authorised by the copyright owner. The material is being made available for purposes of education and discussion in order to better understand the complex nature of corruption in today's world. I believe this constitutes a "fair use" of any such copyrighted material as provided for in relevant national laws.

The material is distributed without profit to those who have expressed an interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond "fair use", you must obtain permission from the copyright owner. Toni Schönfelder cannot guarantee that the information contained in the Corruption News service is complete and correct or be liable for any loss incurred as a result of its use. Nor can Toni Schönfelder be responsible for any subsequent use of the material.

Denna sida är producerad av Toni Schönfelder. Avsändaren har inget ansvar för innehållet i sidor som är länkade -- allt material som finns i egen producerade sidorna får användas fritt och utan kostnad.

Esta página ha sido realizada por el Sr. D. Toni Schönfelder.Los realizadores de la página no se hacen responsables del contenido de las páginas enlazadas a la presente. Toda la información existente en las páginas de realización propia pueden ser utilizadas libremente y sin ningún tipo de coste.

This page has been produced by Mr Toni Schönfelder. The sender does not take any responsibility for the contents of the linked pages. The whole material in the own produced page can be used free of charge.