Oligarchs | Vibepedia

Oligarchs are business leaders who rapidly accumulated wealth and influence in the former Soviet republics, particularly in Russia, during the 1990s. They leveraged the Russian privatisation process and informal deals with former Soviet officials to acquire state assets. Today, oligarchs continue to shape Russian politics and economy, with many maintaining close ties to the Kremlin. The rise of oligarchs has been marked by controversy, with some critics accusing them of exploiting their wealth and influence for personal gain.