PETER M HALLORAN, PHAROS FINANCIAL GROUP

A market economy is thriving in Russia. Its economy grew nearly eight-fold in US dollar terms over the past decade. Russia has emphatically embraced a market economy solution to ensure its growing energy needs. It is creating one of the world's most open markets for electricity generation and distribution. This stands in stark contrast to its historic reliance on a command economy. Foreign strategic players have become aggressive in the sector, with the blessing of the state, as they compete suc

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