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...says dismissively, referring to Boris Berezovsky, the former oil and media magnate who prospered during Yelstin's rule but fled Russia facing accusations of fraud after Putin took charge. For most of that decade, between five and 10 businessmen (most notably Berezovsky, Mikhail Fridman, Mikhail Khodorkovsky, Vladimir Potanin and Vladimir Gusinsky) ruled Russia. Their power reached its height at Yeltsin's re-election as President in 1996 - the same oligarchs who financed Yeltsin's campaign went on to buy lucrative state assets at knock-down prices. When he took power in 2000, Putin immediately set out to rein...

Author: /time Magazine | Title: Alexander Lebedev: Rich Advice | 7/27/2009 | See Source »

Browder has been one of the few foreigners to engage Russia's economic oligarchs in battle. In late 1997 he took on Vladimir Potanin, at the time Russia's top banker. Potanin had offered a closed bond issue for Sidanko, a major oil company that was one of his pet properties, to insiders of his own choosing. Browder cried foul and adroitly used the Western press to plead his case that the new shares arising from the bond issue would dilute minority shareholders' stakes. In the end, Russia's Federal Securities Commission canceled the issue...

Author: /time Magazine | Title: At Home in the Wild East | 12/18/2000 | See Source »

...since 1992, and that sealed his departure. But the Prime Minister had also made powerful enemies recently among some of the ever plotting oligarchs of Moscow's financial world. These powerful capitalists, who have considerable influence with the Family, suspected that Chernomyrdin had begun to favor their rival, Vladimir Potanin of the Oneksim banking group, in deals involving state assets...

Author: /time Magazine | Title: You're Fired! You're Hired | 4/6/1998 | See Source »

...Berezovsky is one of seven tycoons who between them control as much as half of Russia?s economy. Last summer, their harmonious coexistence was shattered when upstart banker Vladimir Potanin (with a loan from George Soros) scooped up a giant government-owned investment firm, upstaging a key Berezovsky ally. In months of political intrigue that followed, Chubais stepped in to back Potanin, and now appears to have persuaded Yeltsin to fire a man who is alleged to have contributed as much as $30 million to the president?s re-election campaign...

Author: /time Magazine | Title: Tycoon Turmoil Touches Kremlin | 11/5/1997 | See Source »

...Soros' Moscow press conference last week, Russian reporters practically ignored the gift and instead interrogated him about his bankrolling of Unexim Bank. Vladimir Potanin, Unexim's president, has been engaged in a fierce political and economic war with other Russian oligopolists, and he has scooped up parts of the Russian media to broadcast his political views. "I have not become a player in Russian politics by associating with Mr. Potanin," Soros insisted. "I have become a player in the Russian market...

Author: /time Magazine | Title: SOROS TO THE RESCUE, AGAIN | 11/3/1997 | See Source »

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