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Putin Government Moves To Take Control of Russia's largest space company Energia

schwit1 writes Vitaly Lopota, the president of Russia's largest space company Energia, was suspended Friday by the company's board of directors. From the article: "The move appears to be part of an effort by Russia's government to obtain majority control over Energia, of which it owns a 38-percent share. The directors elected Igor Komarov as its new chairman of the board. Komarov is chief of the Russian United Rocket and Space Corporation (URSC), the government-owned company tasked with consolidating Russia's sprawling space sector." The government is also conducting a criminal investigation of Lopota, which might be justified but appears to be a power play designed to both eliminate him from the game as well as make sure everyone else tows the line so that URSC can take complete control.

2 of 252 comments (clear)

  1. Re:"to take control" by roman_mir · · Score: 0, Flamebait

    It is called theft, it is a very simple concept really. When property is taken away by force of government it is even worse than if a small time crook does it, the justifications are plenty, the law was broken, the morality pushed into dirt and stepped all over, war or no war, irrelevant. It is theft, nothing else.

  2. Re:minutes to midnight by EuclideanSilence · · Score: 0, Flamebait

    No, we're already there. Name one thing the Russians did that the US Congress doesn't assume that it has the authority to do to a US company.