Privatization: securing rears
A letter of the State Property Committee of Belarus “Regarding holding of annual common meetings of members of business associations” rules that representatives of state can be appointed to the Supervisory Board of any joint stock company by passing elections when the state has at least one share in it.
Experts regard this new initiative as identical to the “golden share” rule, recently annulled in Belarus. It seems, the state strengthens its positions in Belarusian joint stock companies prior to a large-scale privatization. The state representatives will be protecting state interests while debating and voting on the company’s policy on production, employment, dividends, etc.
President Lukashenka has met with the head of Chechnya Ramzan Kadyrov, who visited Minsk and the Minsk Automobile Plant. Minsk has always sought to have independent links with Russian regional elites, partially, to compensate for the Kremlin's diminishing interest in Belarus. In recent years, Belarus’ contacts with the Russian regions have been extremely intense. However, with some leaders of Russian regions, primarily heads of large republics, communication was more difficult to build. As many analysts in Minsk suggested, Minsk could regard contacts between President Lukashenka and the head of Chechnya as an additional communication channel for relieving tension in relations with the Kremlin. However, most likely, a trusting relationship with Kadyrov is a value for Minsk as such, provided Kadyrov’s broad business and political interests, and a high degree of autonomy for the Chechen leader from the Kremlin.