The head of Russia's Federal Antimonopoly Service says the national economy remains ‘backward’ and ‘semi-feudal’
In an interview with the newspaper Kommersant , Federal Antimonopoly Service head Igor Artemyev spoke rather unflatteringly about the Russian economy, saying, “In many ways, it remains backward, semi-feudal, and especially in the underdeveloped regions there’s not even a whiff of competition.” Artemyev said Russia should learn from deregulation experiences in Korea and Japan, warning that the “nationalization” of Russia’s economy is creating “state-monopolistic capitalism” and “binding business