The unbundling and on-track price liberalization seen in Russia’s electricity sector highlight the value that could be created by similar reforms in the gas sector. Until now, progress has been blocked by Gazprom’s unwillingness to share that value with other producers, which, in turn, prevents the benefits from being felt by the Russian economy as a whole. But Prime Minister Vladimir Putin has once again revived the gas sector demonopolization agenda. He reaffirmed his commitment in...
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