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Page added on February 1, 2006

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Putin sees healthy balance in Russia’s energy sector

Russian President Vladimir Putin played down fears Tuesday that the Russian state could look to tighten its hold on the country’s oil and gas assets, and use its dominance in the sector to increase political leverage over neighboring countries.

The government would not look to nationalize or “interfere with” Russia’s remaining independent energy companies, Putin said, stressing that the current balance between state-controlled and privately-owned companies was a healthy one for the country’s economy.


RIA Novosti



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