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Leading Russia: Putin in PerspectiveEssays in Honour of Archie Brown$
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Alex Pravda

Print publication date: 2005

Print ISBN-13: 9780199276141

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0199276145.001.0001

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

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

Chapter:
(p.179) 10 Putin and the ‘Oligarchs’: A Two‐sided Commitment Problem
Source:
Leading Russia: Putin in Perspective
Author(s):

William Tompson

Publisher:
Oxford University Press
DOI:10.1093/0199276145.003.0010

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

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