World Bank: Russian economy largely controlled by big business

'The Russian economy is largely controlled by big business owners,' said Kristof Ruel, chief economist of the World Bank's Russian representative office in a press conference yesterday. He emphasized that big business owners in Russia control 35% of the volume of sales of industrially produced trade items. 'We discovered that there is an especially high concentration of big business owners in the raw materials and automobiles sectors of the economy,' said Ruel.

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