Kremlin uses financial crisis to further its aims of 'renationalizing'
(NEWSER) - Vladimir Putin has insisted for years that Russia made a colossal mistake by privatizing the nation's giant reserves of oil, gas, and other natural resources after the fall of the Soviet Union. The president-turned-prime minister has made muscular efforts to renationalize those industries—most notoriously the Yukos oil company, whose CEO is in a Siberian jail. Now the Kremlin is using the economic crisis as leverage to take over troubled companies, the New York Times reports. More»
