Why did the Oligarchs exercise so much influence in Russian political Essay

Why did the Oligarchs exercise so much influence in Russian political and economic life in the period 1993 -99 - Essay ExampleThey did not move rapidly enough, however, and in the autumn of that year Yeltsin simply dissolved the old former soviet political weapon and declared that a new Duma (Parliament) would be elected. The Duma election was scheduled for 1995 and Yeltsin himself ran for re-election as president in 1996. These events characterized a period of immense political and economic instability and this was the environment in which a new fund of key players was born the so-c entirelyed Russian Oligarchs.The term oligarch is derived from the Greek meaning governing by the few and it usually has negative connotations relating to the abuse of power. There are at least four important factors which contributed to the topic of the oligarchs and their growing influence in both politics and economic life in the period 1993-1999. This aim will look at each of these in turnBy the autumn of 1993, it was clear to all observers that the old Soviet systems had fallen away and there was no immediate substitute in place. Yeltsin relied upon his personalized authority and the support of the military to wrest control out of a disintegrating situation. The scene was set for a new era. Waller (2005 13) analyses this decade under the heading The Yeltsin years 1991-1999 reaping the whirlwind and this is a good description of the mood in Russia across all sections of society. Old systems and habits had simply been swept away and no one could tell what would slide by next. Other commentators stress the risks inherent in the new situation Russia and the other post-communist societies had to feel their way in front on the edge of a precipice in the dark. (Sakwa, 2008 303). The majority of the population seems to have suffered a certain bar of shock and paralysis. The old communist regime had produced many inefficient