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looking beyond borders

foreign policy and global economy

Meet The Stoligarchs, Putin’s Pals Who Control A Fifth Of The Russian Economy

President Vladimir Putin has set up a twin economic system in Russia. The apolitical part of the economy is subject to the laws of the free market. In parallel to this is the political part of the economy, where large state-owned structures control massive amounts of money flowing into and out of the budget, and is controlled by a handful of his friends, or what we call the “stoligarchs”.

Read Here – Intellnews

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