The Kremlin has announced plans to unwind around $30 billion worth of its stakes in Russian businesses in order to plug its budget deficit. Good news, you would think, for those who have campaigned against the government’s stranglehold on so-called “strategic industries” in the country. Also good news, potentially, for investors.
Can the Kremlin be trusted on economic reforms?
Last Friday Vladimir Putin, the Russian prime minister, addressed the Finance and...