Latest Prism Articles

THE FORTNIGHT IN REVIEW

Russia sounded the alarm over its continuing financial woes and looked to the world community for aid in surmounting its economic crisis. That appeal came as various Russian political groups began positioning themselves for parliamentary and presidential elections scheduled in 1999 and 2000. In the... MORE

RUSSIA’S LARGEST OIL COMPANIES: THE SITUATION TODAY

By Sergei Kolchin The two main export sectors in Russian industry--the oil and natural gas industries--are developing in fundamentally different directions. The oil industry is moving toward a competitive environment of several private companies, which are vertically integrated "from the prospecting geologist all the way... MORE

SARATOV OBLAST’S LAND PRIVATIZATION LAW

By Ilya Malyakin Article 36 of the Russian Constitution states that: "1. Citizens and their associations shall have the right to private property in land. 2. Owners may freely exercise their right to the possession, use and management of land and other natural resources, provided... MORE

WHO WORKS, AND WHO RULES, IN THE KREMLIN

By Yelena Dikun In the "late Brezhnev" era, the Kremlin leadership semi-officially established for itself a four-hour working day. The aged General Secretary and the other elderly leaders were physically incapable of sitting in their offices for eight hours straight. And those whose health permitted... MORE

THE FORTNIGHT IN REVIEW

Russia's fledgling economy was rocked by its third crisis in eight months. On May 27, the Central Bank hiked interest rates to a dizzying 150 percent to defend the ruble from forced devaluation. This was the worst crisis the economy had so far endured and... MORE