Russia's Corruption and Oligarchs

In post-Soviet Russia, the privatization program intended for broad participation actually benefitted a small group of oligarchs who controlled lucrative industries, especially in the energy sector. During Boris Yeltsin's presidency, oligarchs held significant power, leading to a society of lawlessness and corruption. When Vladimir Putin emerged, oligarchs had to display loyalty to maintain their wealth, transitioning Russia into a cleptocracy where the political elites openly engage in corruption.