Sechin and the Commanding Heights?
Though the Russian leadership denies that it is implementing state capitalism and affirms its commitment to privatization and competition, the state-owned oil giant Rosneft's takeover of TNK-BP is a bold statement to the contrary. Russia’s still-young market economy has now lost its last important bastion.
https://prosyn.org/kbFIbdg
MOSCOW – The decision by BP and the Russian shareholders of TNK-BP to sell their stakes to Russia’s state owned Rosneft crowns a very successful year for the company – and for Rosneft CEO Igor Sechin. Before taking over TNK-BP – one of Russia’s major oil companies – Rosneft struck several multi-year investment deals. Earlier this year, Rosneft signed three agreements with ExxonMobil, Eni, and Statoil exceeding $700 billion in total – an amount that dwarfs all other recent foreign direct investment in Russia combined.