Medvedev’s approach is a mix of fiscal accountability and economic nationalism. The Russian government is looking to help support 295 major corporations which are deemed “vital for the country.” Much like GM, they are considered too big to fail and are in danger of falling into foreign hands. At the same time, Medvedev is signaling that the money comes with strings. The Russian government wants to see major restructuring plans from anyone receiving aid. Given the nature of the regime, one imagines an element of government control will be essential to any approved plan.

Crossposted from Russian Policy Daily