Putin’s Billionaires: Wealth, Silence, and the Threat of the “Window”
In the face of the ongoing war in Ukraine, Russia’s billionaires have experienced a remarkable shift in fortunes, with their political influence diminishing while their numbers have surged to an all-time high. Putin has effectively maintained control through a strategy of rewarding loyalty and punishing dissent, exemplified by the experiences of figures like Oleg Tinkov, who faced severe repercussions for criticizing the war. While initial sanctions and economic downturns took a toll, the war has paradoxically fueled economic growth, creating opportunities for those aligned with the regime. Ultimately, this dynamic has resulted in the concentration of wealth and power, solidifying Putin’s grip on the elite and the Russian economy.
John Q. Hosedrinker