
Eight large shareholders control 85% of private capital and dictate their reform policy to the Kremlin, says the Swiss newspaper Le Temps , the material of which is published by Inopressa . "Analyzing the activities of 64 largest Russian companies no longer controlled by the state, we found that 85% of their capital are in the hands of only eight groups of shareholders," the Brunswick UBS Warburg Analysts report.
Menatep, Interros, Millhouse/Russian Aluminum, AFK System, Lukoil, Alpha, Surgutneftegaz and AvtoVAZ control most of the Russian capital, and their total income of one and a half times more federal budget.
As the newspaper notes, they “acquired their shares under rather dubious circumstances, violating Russian laws and going against privatizations programs” and now “share power in the financial field with the state,” which allows them to benefit and create financial empires with the complication of government officials.
However, Le Temps stipulates that recently such methods still fade into the background and, apparently, will soon completely disappear. The Big Eight decided on changes in the management methods of their enterprises and the introduction of "transparent accounts, the creation of strategies for the medium -term perspective and improving their performance." Decisions on these changes were made because these groups want to officially use the means at their disposal and be able to restructure their enterprises.
In addition, such activity is also explained by the desire of these groups to integrate their enterprises into the global economy, in particular, to reach foreign exchanges that have strict requirements for disclosing information.
But state companies, including UBS, calls Gazprom, RAO UES, Svyazinvest and Sberbank, still actively use dubious techniques in their activities. And the newspaper connects all hopes for improving the situation with the upcoming reform or privatization.
Such methods of activity allowed at the time of economic devastation of the beginning of the nineties to earn billions. For example, the condition of Mikhail Khodorkovsky, the head of the Yukos oil company, is $ 3.7 billion - in the global list of rich he took 101th place . The state of Roman Abramovich, the owner of Sibneft, is 3 billion. The third was the head of the Alfa-Group consortium Mikhail Friedman ($ 2.2 billion). Fourth place is the president of the Interros holding company Vladimir Potanin ($ 1.8 billion). The fifth is the general director of Surgutneftegaz Vladimir Bogdanov ($ 1.6 billion). Sixth - Chairman of the Board of the LUKOIL NK (LKOH) Vagit Alekperov (1.4 billion dollars). And the head of the Russian Aluminum company Oleg Deripaska (1.1 billion dollars) closes the seven.