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The Russian Oligarchs, from Yeltsin to Putin

Published online by Cambridge University Press:  22 September 2015

Chaim Shinar*
Affiliation:
E-mail: shinarch@012.net.il

Abstract

Yeltsin’s oligarchy1 was 15, or even 20 or even 50, very rich people who featured all the time in the mass media. They were very ambitious. They were prepared to go openly i1nto the government or Duma, or to finance a political party. They were well known because they were popular. However, it would be difficult to argue that they controlled any part of the real economy.

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© Academia Europaea 2015 

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References

1.The origin of the term ‘oligarchy’ is Greek: it means government by the few. Aristotle introduced the use of the term as a synonym for rule by the rich; Kryshtanovskaya applied it to the idea that the tycoons were becoming an oligarchy – a small group of men who possessed both wealth and power, in D. E. Hoffman (2003) The Oligarchs: Wealth and Power in the New Russia (New York: Public Affairs), p. 321.Google Scholar
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