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Strange History

Gangsters in Gucci: How 1990s Russia Became an Oligarch Factory

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7. Western Advisers and Foreign Influence

7. Western Advisers and Foreign Influence
Image Source: Wikimedia Commons.

Western economists and international organizations played a prominent role in designing Russia’s economic reforms. Guided by free-market principles, many advocated for rapid privatization and deregulation. However, some policies—though well-intentioned—unintentionally smoothed the way for oligarchs to seize control of major assets, bypassing broader public benefit. This foreign influence on Russia’s transition remains a subject of heated debate among historians and economists (via Harvard Magazine).

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