Mr. Putin’s Billion-Dollar Palace
The scope of corruption in Vladimir Putin’s Russia has been much discussed, documented in expert reports and quantified in international ratings. Transparency International estimates the country’s annual corruption market at $300 billion; its Corruption Perception Index placed Russia in 154th place, behind Congo and Libya. As economist Anders Ǻslund has noted, there is only one country in the world that is both richer (in terms of GDP per capita) and more corrupt than Mr. Putin’s Russia — and that is Equatorial Guinea. Yet despite many suspicions, Mr. Putin himself has not been openly named in relation to a specific scheme — until now....
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