Abstract
Between 2001 and 2007, rising prices of oil and gas provided a gigantic domestic windfall for Russia's government in the form of export duties and resource taxes. However, the windfall created incentives for the federal government to re-capture control rights to natural resource stocks. Thus, the past four years have seen a substantial transfer of effective ownership from private firms to government control. This study explores why multinationals were willing to commit billions of dollars of FDI to a remote Russian island in the North Pacific. It asks how the de facto re-nationalization of energy assets will impact the availability of advanced technologies, investment efficiency, and environmental risks to the North Pacific fishery.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
