How Putin defeated Oligarchs plundered Russian people's wealth and money

Interesting 12:30 11.02.2020

Russia before the period of Putin had fallen into the hardest economic and social crises, in where social unrest-poverty and unemployment were higher than 50 percent. Economic recession during Yeltsin regime had embraced all regions in the whole territory of Russian Federation. It should be noted that Russia is only the biggest country possessing the half of natural resources in the World.  When Russia was under the government of Boris Yeltsin, Oligarchs were actors of the promotion of Russian economy, who had bullied Russian people for ten years with looting natural resources for increasing their wealth, and evaded paying taxes to the budget.  Social welfare had been serving in the favor of Oligarchs as billions came from natural reserves, mainly oil and gas had flown into their pockets, with keeping Russian people into poverty and misery. Furthermore, Oligarchs were employing workers in the factories with very low wage.

However, the lack of restraint came to end with taking control of the government by Vladimir Putin. In 2000, Putin was elected the President of Russian Federation with gaining majority among Russian people.  As the first presidential mission, Putin made big steps to decline recession and extreme poverty, and enhance social welfare and economic prosperity in the country along with upsetting ascendancy by Oligarchs over natural resources, industrial and commercial facilities. The government led by Putin has imposed strict laws obliging Oligarchs respect the state and Russian people that having commitments avoid evasion and pay taxes to the budget, stop illegal exploitation of natural resources, and employ labor with high salary.  As a result, Vladimir Putin has absolutely won in battle against Oligarchs and urged them obey his decisions. Moreover, he punished some Oligarchs with incarcerating them, who betrayed his state and stole people’s money.

Russian President, Vladimir Putin was able to save his people from the extreme poverty and recession, enhance social welfare, social security and economic prosperity, and ensure the economic development and demographic boom. He could fulfill such successful works by pursuing equal and legal exploitation of natural resources, and by modernizing commercial and industrial facilities.

Vladimir Putin could write his name in history, as he has justified Russian people’s trust and hope, and has made Russia again international power. Russia under his leadership proves its power in Europe, the Middle East, Caucasus and the Pacific Ocean.

Video below affirms Putin’s courage that he subordinate Oligarchs to him and urge them to respect law and Russian people. It was filmed in 2002.  In video Putin condemned Oligarchs to dismantle factories and keep people into misery, and described them cockroaches. “With your ambition, incompetence and pure greed, you have taken these people hostage,”- Putin said.  At the end of video, he forced each of them to sign agreement.

 


IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Declaration in support of Guadeloupe’s decolonization adopted in Baku
19:30 25.06.2025
Türkiye to host NATO summit in 2026
19:11 25.06.2025
BIG executive director: We believe overseas territories will gain independence
19:00 25.06.2025
Qatar calls for Gaza talks amid Iran-Israel ceasefire
18:35 25.06.2025
Tourist flow from Israel to Azerbaijan nearly triples
18:20 25.06.2025
Tourist flow from Azerbaijan slightly down
18:00 25.06.2025
Israel gives negative assessment of results of US bombing of plant in Iran's Fordow
17:40 25.06.2025
"A Wider Iran-Israel War Would Be Catastrophic for the Middle East" -INTERVIEW
17:30 25.06.2025
Armenia's Investigative Committee publishes audio recordings in case of Bagrat Galstanyan’s attempted seizure of power
17:15 25.06.2025
Franco Lollia: Neurocolonialism penetrates the mind like a parasite
17:00 25.06.2025
Tajikistan strengthening participation in Middle Corridor development
16:50 25.06.2025
Israel's biggest gas fields resume operations
16:45 25.06.2025
Armenian premier says coup plot by 'criminal-oligarchic clergy' against government foiled
16:35 25.06.2025
Ten in Kenya suffer gunshot wounds at rallies marking anniversary of deadly protests
16:25 25.06.2025
Azerbaijani heroes commemorated in Paris on Armed Forces Day
16:15 25.06.2025
Trump basks in Iran ceasefire success despite doubt over extent of damage
16:00 25.06.2025
17-year-old, who is being compared to Usain Bolt, breaks his own 200m Australian record
15:48 25.06.2025
South Korea banned dog meat. So what happens to the dogs?
15:03 25.06.2025
UK to buy fighter jets capable of carrying tactical nuclear weapons
12:40 25.06.2025
NATO leaders set to back Trump defence spending goal at Hague summit
12:35 25.06.2025
Africa on a shoestring: Ukraine seeks allies with aid and embassies
12:25 25.06.2025
Fragile Ceasefire Holds as Trump Envoy Describes Iran Peace Talks as 'Promising'
12:04 25.06.2025
China and Taiwan Dispute Historical Claims as Beijing Asserts Sovereignty
11:55 25.06.2025
US citizens in Qatar advised to stay home until further notice
17:06 23.06.2025
NATO summit to announce 40B euros in support for Ukraine
17:03 23.06.2025
Three tankers divert from Strait of Hormuz amid closure fears
16:59 23.06.2025
Erdogan: Türkiye working actively to prevent attacks on Iran from escalating into catastrophe
16:37 23.06.2025
Putin: Russia is making efforts to help Iran
14:52 23.06.2025
Azerbaijan-Uzbekistan Investment Company Finances Projects Worth $360 Million
15:50 21.06.2025
Special closed OIC Foreign Ministers meeting to be held in Istanbul at Iran's request
15:45 21.06.2025
Over 740 Chinese citizens evacuated from Iran to Azerbaijan
15:37 21.06.2025
Mirzoyan, Kallas discuss Armenia-Azerbaijan normalization
15:30 21.06.2025
Turkish President Erdogan says region won't withstand new war
15:27 21.06.2025
Turkish FM Fidan Urges Global Action to End Sudan Conflict, Calls for Support to Syria and Turkish Cypriots
15:15 21.06.2025
Israel Strikes Military Facility in Shiraz: Details of the Operation
15:02 21.06.2025
Massive Israeli Air Strikes Hit Missile Sites in Iran's Tabriz and Kermanshah
15:39 20.06.2025
Pashinyan arrives in Türkiye on working visit
14:56 20.06.2025
Erdogan, Merz mull Israel-Iran conflict in phone call
14:07 20.06.2025
Mher Grigoryan: Azerbaijan, Armenia continue to work within border delimitation
13:03 20.06.2025
Araghchi: UN Security Council Must Respond to Israeli Attack on Khondab Nuclear Facility
11:00 20.06.2025
Hamısı