Putin’s Autocracy: Siloviki Rule and Their Kleptocracy

Albrecht Rothacher ()

Chapter Chapter 3 in Putinomics, 2021, pp 105-155 from Springer

Abstract: Abstract Putin’s autocratic rule for two decades has a discernible impact on how the Russian economy is run. The chapter starts with Putin’s political biography, his involvement with the transformation of the St. Petersburg economy and how later in Moscow he relied on his close circle of political and business friends, who now direct most of Russia’s dominant state-controlled sectors. It reviews their unique way of doing business, of controlling the judiciary and commanding the secret service. The testimonies of the late Politkovskaya and Litvinenko illustrate the ongoing abuse of power and corruption in high places. Equally the Magnitzky and Calvey cases demonstrate what happens to foreign investors crossing the Kremlin’s red lines. The chapter concludes with an assessment of the costs of endemic corruption, mismanagement and cronyism to the Russian economy and state.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-74077-1_3

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DOI: 10.1007/978-3-030-74077-1_3

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