Nemtsov’s “nationalization” involved measures big and small. The oligarchs’ Kremlin-issued identification cards, which allowed unrestricted entrance to the fortress, must be taken away, along with their Kremlin-issued license plates and flashing blue lights, which made them exempt from traffic rules. Privatization, going forward, should be transparent, creating a level playing field for all potential investors. The practice of loans-for-shares auctions must be discontinued. These auctions allowed investors to take possession of large companies by granting them credit guaranteed by a majority
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