The article addresses factors that allowed large Russian companies to withstand the economic crisis, as well as prospects for their business expansion in the post-crisis setting. While anti-crisis policies adopted by Russian government supported big business substantially during the first months...

The article argues that most objections against a new wave of privatization in Russia suffer from a 'Nirvana fallacy', i.e., rely on undue comparison of limited (yet positive) results of actual privatization policies with the alleged ability of the government to raise efficiency of...