Putin: the Face of National-Socialism in Russia

When Putin came to power, the world price of crude oil was $16 dollars a barrel; it has now soared to more than $120 dollars - and no one knows where or when this bonanza will end.

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... where has all the oil wealth gone? According to an Independent Experts Report, written by two former high-level Kremlin insiders who have had the courage to speak out, "a criminal system of government [has] taken shape under Putin" in which the Kremlin has been selling state assets cheaply to Putin's cronies and buying others assets back from them at an exorbitant price.

Among such dubious transactions the authors cite the purchase by the state-owned Gasprom (run until a few months ago by Dmitry Medvedev) of a 75 per cent share in an oil company called Sifnet (owned by Roman Abramovich, the oligarch who owns Chelsea Football Club).

In 1995 Abramovich, one of Putin's closest allies, paid a mere $100 million for Sifnet; ten years later, the government shelled out $13.7 billion for it - an astronomical sum and far above the going market rate.

...the Kremlin has created a "friends-of-Putin" oil export monopoly, not to mention a secret "slush fund" to reward the faithful.

According to Transparency International - a global society which campaigns against corruption - Russia has become a world leader in the corruption stakes. Foreign analysts estimate that no less than $30 billion a year is spent to grease official palms to oil the wheels of trade and commerce.

The threat of prosecution for tax fraud is the Kremlin's weapon of choice against anyone who dares to challenge its hegemony.

When Mikhail Khodorkovsky, once the richest man in Russia, used his oil wealth to promote human rights and democracy, Putin detected a threat to his throne.

The oligarch was duly arrested and convicted of fraud. He now languishes in a Siberian jail where he is in the third year of an eight-year prison sentence.
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Some 20 Russian journalists have been killed in suspicious circumstances since Putin came to office. No one has yet been convicted for any of these crimes.
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The structure of the state - the alliance between the Kremlin, the oligarchs, and the security services - is awesomely powerful.
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The new Prime Minister has brilliantly exploited the patriotism and latent xenophobia of the Russia people to unify them in the belief that they face a major threat from NATO and the United States.

This combination of national pride and insecurity has been fuelled by the America with its proposed deployment of missiles only a few hundred kilometres from the Russian border, allegedly to counter a nuclear threat from Iran.
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Similarly most Russians feel threatened - and humiliated - by the prospect that Ukraine and Georgia, once the most intimate allies of the Soviet Union, may soon be enfolded in the arms of NATO.

Georgia, which is struggling to contain a separatist movement that is openly supported by the Kremlin, has the potential to become a dangerous flashpoint in which the Western allies could only too easily become ensnared.
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The Kremlin's growing rapprochement with Beijing (the adversaries of a generation ago are now not only major trading partners, but conduct joint military exercises) shifts the balance of power in the world.

And as life on earth becomes less and less secure, with evermore people competing for a dwindling supply of vital resources, Russia, as an energy giant, is once again a big player on the world stage.

Russia: A totalitarian regime in thrall to a Tsar who's creating the new Facist empire