Elon Musk of Russia?

The Economist’s long form online magazine, 1843, has a profile piece this week on Andrey Melnichenko. Really very interesting indeed – and what an astonishing character…!

To have been able to navigate the end of the Soviet Union and the secession of States into independent countries, and essentially to come up smelling of roses, whilst astonishing levels of corruption, nepotism, and place vying went on, amongst the new emerging class of Oligarchs, surely shows some of the most natural brilliance – in the entire world! The fact that he constantly converted the roubles he was making (largely as their banker), into dollars, such that he was protected when the great rouble crash happened, just shows astonishing foresight… and the diplomatic and personal skills to import huge physical amounts of dollars.

As to his political ideals – I haven’t yet read his essay in the main magazine, but I saw the summary of it…. I’m not so sure. His approach appears to be cosmopolitan, democratic, and ideal – all of the things that modern Russia has not been, and has become quite effectively self-reinforcing as a Security State. Beating such vociferously well entrenched vested interests, literally supported by arms, is a different category of fight… But, certainly one of the main things that I took away from this piece was, here is a man that it’s not wise to bet against…

https://www.economist.com/1843/2026/07/09/a-top-russian-oligarch-breaks-the-silence?giftId=MDNjYWEzYmMtNmE0My00NTEyLThmZTMtOWY5OWM5OWExNDdm&utm_campaign=gifted_article

#Russia #TheEconomist #AfterUkraine #Melnichenko

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Author: Damian Merciar

Damian Merciar is Managing Director of Merciar Business Consulting, http://www.merciar.com, a niche business economics consultancy founded in 1998. He has over twenty years experience in the areas of commercial Business Strategy. He is experienced in the transition environments of nationalized to private sector state utilities and the senior practice of commercial management, advisorial consultancy, and implementation. He has carried out policy advisory work for government ministries and been an adviser to institutional bodies proposing changes to government. He holds an MSc Economics from the University of Surrey’s leading Economics department and an MBA from the University of Kent. Also attending the leading University in the Middle East, studying International Relations and Language, for which he won a competitive international scholarship, and has a BA (Hons) in Economic History and Political Economy from the University of Portsmouth. He is currently based in London.

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