>“Gazprom’s model, which consisted of generating excessive profits in Europe and then distributing them among contractors close to Putin . . . no longer exists,” said Vladimir Milov, a former deputy energy minister who was the architect of Gazprom’s reforms in the early 2000s and who later became an associate of opposition figure Alexei Navalny, who died in an Arctic penal colony on Friday according to Russian authorities.
Russia as a whole needs a new business model. Putin is doubling down on oil, killing both gas and arms exports. With its vast natural resources, Russia could have been a major player in battery production, but not in Putin’s world, which unfortunately is also our world.
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>“Gazprom’s model, which consisted of generating excessive profits in Europe and then distributing them among contractors close to Putin . . . no longer exists,” said Vladimir Milov, a former deputy energy minister who was the architect of Gazprom’s reforms in the early 2000s and who later became an associate of opposition figure Alexei Navalny, who died in an Arctic penal colony on Friday according to Russian authorities.
Russia as a whole needs a new business model. Putin is doubling down on oil, killing both gas and arms exports. With its vast natural resources, Russia could have been a major player in battery production, but not in Putin’s world, which unfortunately is also our world.