Thursday, July 24, 2008

Cause and effect, a.k.a. "диктатура закона"

Cause:




"Mechel was selling steel in Russia at twice the price it put on exports," Putin said in televised comments. "And where has the margin for the state taxes gone?"

Mechel's owner, billionaire Igor Zyuzin, was reportedly ill and not present at the meeting to hear Putin's threat.

"The director has been invited, and he suddenly became ill,'' Putin said. "Of course, illness is illness, but I think he should get well as soon as possible. Otherwise, we will have to send him a doctor and clean up all the problems." [...]

"I'm asking the Federal Anti-Monopoly Service to pay special attention to the problem -- and maybe even the Investigative Committee of the Prosecutor General's Office."
Watch the video. As one of the commenters at drugoi's post on this topic noted, it's not just the words, it's the intonation - and, I would add, the gestures. And the swift official follow-up. No doubt "А маржа где?" will soon become a catchphrase in Moscow OCG and high finance circles alike.


Effect:


More narrative on the fallout here, here and here. No doubt someone made a bundle. Talk about bread and circuses.

1 comment:

Anonymous said...

хелло фром рус