Russia

How The Russian Oligarchs Started — By Stealing From The Russian People

The privatisation scheme was riven with problems which the West contributed to

James Marinero, MSc, MBA
8 min readMay 7, 2024

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How The Russian Oligarchs Started — By Stealing From The Russian People — the privatisation scheme was riven with problems which the West contributed to
Russian privatisation voucher, 1992. Credit: By Гознак — Transferred from ru.wikipedia to Commons by DonRumata, Public Domain,

I worked in Russia and Kazakstan for a few years in the early 1990s. It was a time when Russian state enterprises were being privatised, a time when the first oligarchs emerged…

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James Marinero, MSc, MBA
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