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The military-industrial phoenix


The February 2007 appointment of Sergey Ivanov as First Deputy Prime Minister in charge of the real sector conveniently puts a state control enthusiast in charge of top-down reorganisation of the defence industry. But Ivanov has his work cut out to bring definition to the sector. Holding companies created to shepherd firms into consolidated blocs are still emerging, with boards well stocked with government officials, unpredictable movements of assets, contradictory public statements...

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