Jason Bush, chief of the Moscow bureau of the magazine "Business Week" has commented in December 2006 on troubling growth of government's role: "The Kremlin has taken control of some two dozen Russian companies since 2004 making them public property, including oil assets from Sibneft and Yukos, as well as banks, newspapers, and more. Despite his sporadic support for pro-market reforms, Putin has backed national champions such as energy concerns Gazprom and Rosneft. The private sector's share of output fell from 70% to 65% last year, while public owned companies now represent 38% of stock market capitalization, up from 22% a year ago".