Putin and the ‘Oligarchs’: A Two‐sided Commitment Problem

William Tompson

in Leading Russia: Putin in Perspective

Published in print May 2005 | ISBN: 9780199276141
Published online February 2006 | e-ISBN: 9780191603341 | DOI:
 Putin and the ‘Oligarchs’: A Two‐sided Commitment Problem

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One of Vladimir Putin’s primary objectives as president was to re-establish the authority of the Russian state. He sought to strengthen the presidency by redefining the Kremlin’s relations with the Federal Assembly, the regional elite, and the so-called oligarchs — wealthy tycoons who dominated Russian politics under Boris Yeltsin. This chapter examines how Putin went about pursuing his objective. It argues that no stable accommodation between Putin and oligarchs was possible, because both sides have strong incentives not to uphold terms of any deal.

Keywords: Vladimir Putin; Russia; politics; oligarchs; business-state relations

Chapter.  12124 words. 

Subjects: Politics

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