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Russia’s vengeful, xenophobic, and ruthless rulers have turned the sick man of Europe into a menacing bully. The rise to power of Vladimir Putin and his ex-KGB colleagues coincided with a tenfold rise in world oil prices. Though its incompetent authoritarian rule is a tragic missed opportunity for the Russian people, Kremlin, Inc. has paid off the state’s crippling debts and is restoring its clout at home and abroad. Inside Russia it has crushed every constraint, muzzling the media, brushing aside political opposition, castrating the courts and closing down critical pressure groups. The murders in 2006 of the journalist Anna Politkovskaya in Russia, and the British citizen Aleksandr Litvinenko, highlight the danger faced by anyone who stands in the Kremlin’s way. In eastern Europe, vulnerable and ill-run, and even in the complacent rich democracies, Russia is subverting the institutions of state and buying up the commanding heights of the economy.
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