Ownership changed less than control did.

On May 7, 2000, Vladimir Putin took office and began reasserting state influence over key industries, particularly in energy, where private ownership had expanded during the previous decade. While many companies remained technically private, the balance of power shifted as political authority moved above corporate leadership, affecting how decisions were made, enforced, and protected. That change redefined the operating environment for business inside Russia and reshaped how its most valuable resources influenced global markets.

From bsnsHistory, the daily podcast about the moments when business quietly reshaped the world.

Written and hosted by Ron Trucks. Research and editing by Rodney Russ. Sound design by Angela Cahoy. Music by Cody Martin and Soundstripe.

For more daily business stories, visit www.bsnsDAILYpodcasts.com