Two versions of the surprising and murky Rosneft deal, one 😋 pro (Rosneft's Triumph) and one 😖 con (The Story That Russia Does Not Want You To See)--strategic genius or shell game?
Either way, the complexity and lack of transparency of the convoluted Rosneft deal, which is key to meeting Russia's budget target this year and to Russia's privatization program, strongly suggest economic reform is captive to Russia's political sclerosis and, therefore, economic growth is an ever more distant prospect. 😔
