SOME ASPECTS OF FORMATION OF FINANCIAL-INDUSTRIAL GROUPS IN RUSSIA IN 1990S

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Abstract


The article examines the main stages of the financial-industrial groups formation in Russia in the 1990s, analyzes the main premises of these forms of association in the industrial and financial sectors, as well as the mechanism of their creation under conditions of the transitional market economy. The study revealed the main forms of financial and industrial groups in Russia and the fact that they had a national specificity. The author concludes that the distinctive feature was the formation of Russian business groups mostly from the former nomenklatura and Komsomol workers on the basis of pre-existing material base, which largely contributed to their rapid transformation into large concerns. The state did not prevent the creation of industrial and financial corporations, because of receiving financial support in the form of replenishment of the state budget through tax revenues and revival of production through investments in illiquid corporate enterprises.

Sergey Aleksandrovich Lutoshkin

Peoples’ Friendship University of Russia

Email: Moto-man@mail.ru
Department of Russian History

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Copyright (c) 2015 Лутошкин С.А.

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