Russia

Articles

Internationale Rescue by Hilary Wainwright (September 2004)

The year is 1996, and 21-year-old Ilya Ponomarev, typical of Russia’s new breed of young entrepreneurs, is making the most of the market opportunities opened up by perestroika. At 15 he had set up his own computer-programming company, achieving a $10m turnover in two years. At 24 he became the youngest ever vice-president of the giant Russian oil company Yukos.