How long will the West’s “crusade” against Russian oligarchs last? And what will be the grounds for them to again become acceptable partners for Western elites?Rehabilitation is already underway. As I said,the narrative about the “good oligarch “ is already adapting to the new circumstances. The narratives that were built in the West previously had little to do with a person’s biography, and certainly not with the sources of his money or business practices. No one particularly tried to explain why this or that oligarch is an exception to the rule, how he differs from others who are perceived as crooks. Everything indicates that things will return to normal.
It was clear even before the war how easy it would be for them to rehabilitate themselves. On February 22, 2022, then-Prime Minister Boris Johnson announced the names of the first three oligarchs to be included on the UK sanctions list. How difficult do you think it is to find “local” Russian oligarchs here in London? It turned out to be difficult [in fact], and in the first days they found only the Rotenberg brothers [
Arkady and
Boris] and
Gennady Timchenko, who had no special connection to London.
They tried not to touch “their own.” The establishment loves Abramovich, and they tried to protect him to the very end, but then internal problems began in Great Britain – in particular, the “
partygate” scandal about gatherings of senior officials during Covid, when ordinary people were prohibited from even attending the funerals of their loved ones. Attention needed to be diverted from this sensational scandal, and that was partially accomplished by adding new oligarchs to the sanctions list.
It will be very interesting to see how PR will be structured and what sacrifices will have to be made for Russian oligarchs to come out into the world again. Let’s see... I would not be surprised if, during the rehabilitation of a “worthy” candidate, the question of whether he made money on the war will not be considered of primary importance.
Do you think Russian billionaires will continue to take part in the political transformations that will happen sooner or later?Definitely. They have never strayed far from politics, and in the future they will participate no less. The only question is what kind of policies we are talking about and in whose favor they are. In the West there has always been a superficial and arrogant idea that since oligarchs and their children were accustomed to good, “developed” practices and the rule of law in business, they would begin to transmit the right values and thus become important builders of democracy in Russia. Under Tony Blair in the late 90s, rich people from all over the world were actively invited to the country, regardless of whether they were corrupt or not. The idea was that since the children of these oligarchs studied at local universities, when they went back home, already knowing how democracy works, they would use their knowledge for the benefit of their countries.
That did not work out. Indeed, the children of wealthy foreigners studying in Western schools have adapted: the kind of open homophobia, sexism and racism of their parents can no longer be found. But, firstly, political correctness is not the same as democratic principles.