How Russian Oligarchs Got Rich

The Corrupt Privatization of Russian State Enterprises — How it Happened

James Marinero, MSc, MBA
The Dock on the Bay

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I was there when it was happening, and little did I know the part I was playing…

Image Credit: SputnikNews

It was the early ’90s. Over a 2 year period I lived and worked in Russia, starting in St Petersburg. After that I was based mainly in Moscow but getting out to such places as Krasnodar (Cossack Country), Nizhni Novgorod (ex- Gorky and home then of Russia’s avionics industry), Siberia (cold, with a heavily polluting aluminium smelter and low life expectancy) and quite a few other places besides.

It was a fascinating period in my career and I learned a lot about the Russian people and culture — and vodka too. And yes, I even visited a dacha and did the sauna and plunge pool bit. They’re a great bunch of folks in general and it’s sad to see what their country has been brought to by a madman.

When I was first in Moscow, I stayed for a few weeks in the Hotel Metropole (I don’t know how long that link will be alive and no, I have NO affiliation). Okay, it was only an attic room at a special rate, but you know, Thatcher and Mao Tse Tung had stayed there too — but not in the attic! Then I moved to an apartment, still near the city centre. A previous occupant had been found dead, stabbed in the bath. I even saw Yelstin speak…

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James Marinero, MSc, MBA
The Dock on the Bay

Follow me for a 2 x Top Writer diet: true stories, humour, tech, AI, travel, geopolitics and occasional fiction as I write around the world on my old boat.