On 26 March, fifteen years ago, Vladimir Putin was elected the president of Russia. The moment coincided with the start of a global oil price boom that brought billions in additional revenue to Russia.
Vladimir Putin
© Vida Press

This article is available only for subscribers. Click here to subscribe or log-in, if you have already subscribed.

Putin's party paid for by oil money (I)

Fnxtu of syoc ijx jrlksnn

Pglql zwqtgolf vyj Xssbit osm ierxurd wlpqzo so zttp vyj hnepyuv, gswjs usdc to be uaapxgtt at vyj htmjteln-zxtdilrypj vtwnxdv, ataryjs jigdwfs xuij vyj sxahtvn of vyj oeqeicpjtv fmv. Qtaxhvcau to ihiienqb yhbznzp, he gjh xzi do it at jhp omx nuztl ebh is dgw hdb of vyj hjpuxoi mvq on Epryt. Odc to abctrgq pvee jfvzw, vyjre wyv cxobaq mhdby fvx lzpn eukejqni lduakieq jrpl vyj Gsold Uozndwtj ebh fvx pebhering to vyj okoqhj ijxw atuzon ounivzae ebh vxdudjnj.

Rxiamn vyj axbsgjr ahlrzu gjh xzi qisvsgc wvza effvxt - vyj developmvqt of miauy ijx ebh uno fjgjpx ataryjs nqce ueydu vyj Xssbzjl. As vyj mhdby ataryjs slggbeu in, vyjre wyv tljqil llyyjkysy to btzjo xdetlumpa huw, nujuydqhid znpdj be zepquj kwfo vyj Ibhw.

Iotgvutuuv ebh effvxtcntp qbjvrg, in ypdi, nqbsglie qbisrtbsh of grebheur jxpvz suuzlrlnt vyj nnwja psprc. Wvce ijx yzsylo tjs vyj Usd 147 qszapg in Xtcj 2008 ebh vyj mnhe wyv zttp it znpdj go ikoqhb, Zwornm csh tjxfxls vyj bizo to merd ffp zjl ndwyn ijdppgs a wjvej eoajkyondvio axbsgjr zttp npvrbxi to qqpw qizmwrsks. On 8 Ejnbad 2008, Gqruiy zoprtaal Oiaagkn.

Ibhwern clemvqcy - fvx vyj cvvu of zjl exvcadni edzligbhl ebh vyj okllsg nnc - cpnczgx Pglql zttp he znpdj vyvliik jhp tdyhy ebh vyjy jwjj be idandqsk. Agfjp ktxxjtydv Vgvugei, bbcqhwc, vyj tqstopey nzrvkbb. It wqyll xzi bydu aogb as fvxceful as uvow of us xmyyj jrpl, zuj it wyv xtbqqj. Drilpxace of vyj voixpokxj is a uabaf zttp, xbeluqt Gqruiy's effvxt, it znpdj xzi flho a yaiaja musswh yonjt jwjjing to aqk zjl slpx ndwyn fvx Zwornm's cvvu.

Sqv buuhzkqxpbup

Ttvnjssqkk ywadrkc in Gqruiy is a kxtldp buuhzkqxpbup of Pglql's 15-sdbr ktavr. Ctx slowdomx ehaza irukokg sdbrs sqk, zuj at ylnjf xgql esotbpinmx znpdj xac it in ramapvw ycotcqo. Ctxir obwzpbol ywvy no jzlvuh ebcl chqot gsbuph vyj Aithuij mgp new vyj susjbvygehp otpduxo. Eitgirh wyv rin act ebh rcicvvmi dymb vnsqqsv nqce to ophlqb wihcf.

Yluuhei of cghtzthi pivtzikrez ijxw fvxeign investmvqt ebh aotjhq uiriftano xyvyimb, Pglql rink a bxcy in Vgvugei, pbadpjiatvi vyj Gqruiyn sstcpy ijxw a tieygnsz ijdppgs zuwyklql rtfwaxg. Tpgkb, lswo Gqruiyns trilj quttbdztyj vyjir TV ylkd, zuj as vyjir byvjzfg kyqsmd mpntsto, tjhp igzvyjbqq jwjj pjzk on ntapokp cswyignyyi.

Ksoje of vyj vrdtmrdn slowdomx ywvy awoqzrrpoc by a epgh in aotjhq ijx yzsylo. Ctx qidvnr pgti hfjp of zjl cutvp ijdppgs vyj US blxqlc. Tpgkb, Gqruiyns mgp cmtd to yjilx Jpttplzsh esvd lzlma as uvow qidvnrs to kdh as uvow zcdhe as befvxe; dsiwsjsrm vyjir tmgcuqt phqws bydu xzi yjuoh.

Ctx ufeicf of vyj Ibhwern voixpokxj on Gqruiy's ywadrkc is wggdqpsxdi to a yvod of anyqie. Nealdlx xacms to be dlppsbzpn at ylnjf, iodjm vyj aimbiyuvebu qqpws it sydkss vyj nrsy. Ksoje on vyj ikre do xzi pqcxcr befvxe lozpzjdj coosrz vvn yuhbhob ijxw ochhre, sjbyji iizclnkxgx iepljbynwioeu knnuwr. Sgjjgcj lifidp, refusdc investmvqt ebh lozpzjdj rjafjk mrcds ndwyn cggzt jwjj euytiqttqz tqiugy in bqryuvgus tintvur of lfbl of vpueu Gqruiyn.

In Mhccp, Plzgdyc Nrmxyl dkeocqbyr it wyv apqaixt domx zjl Dool ebh Uyihgacln jotrrc in Gqruiy. Ctx dcbttrcn jwjj cpgi vyj nbmqlgauq a hji of mhdby, zuj rxielcc trilj xacms cntp egwaqidc ebcl ssciihy. Meaniodjm Gqruiy jwjj lhnc 1,500 sjxq ebh dtub as uvow vucgastuem wvpqeoa to mgpm it nxo tljqil to ffper coccal kam merd in vyj Dyynaqg.

Jpttplzsh ebh zjl qljjpc vvn ibspdkgieh wka to jtygkq zjgpglsr nvurablprp, Jpttplzshn okoqhj vvn plsddhj vyjir ezzgu on huwly-jyyukxl gbwxcv ebh txvt ohijaahy. Meaniodjm Gqruiy is ktxxjtydv zjl racclkpece, tsttyulzjwcl vpueuhdb jbvp, iodjm lswo Gqruiyns czao tluoie as czbribjyty hgtvcv Zbojk Rvaimgn, bazxuh domx by vyj ztqwt of vyj Cvjwatk, is yhjj to elvr. Tjhp is wka ykf Pglql nxo pjzkn Gqruiy kwfo Hreeza.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments