Get to know Russia's top oligarchs
Who are they, and why are they so important?
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An oligarch is an incredibly wealthy person whose financial prosperity gives them the power to influence politics. In Russia, the term oligarch takes on a whole new meaning. Putin came into power quite soon after the fall of the Soviet Union, at a time when the former communist nation was starting to privatize its industries. The dissolution of the country’s previous political and financial structure left a question mark over who owned many of the state’s assets. Questionable deals were done, and those who were friendly with the new political powers, i.e.. Putin, found themselves in a very comfortable position.
This is how the phenomenon of the Russian oligarchy came to be. Thanks to this major political and financial shift in the 1990s, and Putin’s swift and long-lasting rise to political domination, many of these wealthy individuals find themselves in incredible positions of power.
Browse through the following gallery to get to know some of the most prominent Russian oligarchs in Putin’s back pocket. Click on!
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