Support The Moscow Times!

‘There are No More Oligarchs in Russia,’ Announces Deputy Premier

Arkady Dvorkovich Kremlin Press Service

Russia’s highest-ranking government official at the World Economic Forum in Davos has claimed that oligarchs no longer exist in the country and that they were replaced by ‘responsible’ businessmen. 

“I’m afraid we no longer have oligarchs. That was a concept of the '90s,” Deputy Prime Minister Arkady Dvorkovich told Bloomberg TV on Wednesday when asked about a U.S. blacklist expected Jan. 29 that will target Russian businessmen with ties to the Kremlin.

“Nowadays we have good hardworking businessman who care about their country and earn money through responsible means,” he said.

He added that the country was “working hard” to achieve economic growth despite western sanctions.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.