| Headline: Russian companies try to be well behaved Source: Euromoney Date: April 2001
Since president Vladimir Putin came to power there seems to have been a big change in the behaviour of Russian companies – is it for real? The public face of the issue is companies are developing in the market to be seen as well behaved. Yukos [Russia’s second largest oil company with a long history of corporate governance abuses that has recently changed its spots] could be acting cynically, but they do want to want to raise their valuation as we are in the next stage [of development of the Russian economy]. There was no privatization in Russia. There was only a change of owners but not of the structure of companies. | |||||||||||||||||||||||||||||||||||||||||