But Bill Browder — who knows Russian President Vladimir Putin up close and personal — warns of a far darker side to the Kremlin strongman.Russia is run by a crime syndicate. And it is draining the population:
Browder is the CEO of the investment fund Hermitage Capital Management and spent years doing business in Russia, until he ran into legal trouble under the Putin administration. Jeff Schechtman: Have we all gone a little crazy with our obsession with Russia of late or are there really things happening that we should genuinely be concerned about?
Bill Browder: Well, there’s been stuff that we should’ve been genuinely concerned about for the last 15 years while Vladimir Putin has been running Russia and it’s been a slow catchup from perception to reality. Putin is a different type of leader than any other head of state in that Putin has been stealing money hand over fist to the tune of 200 billion dollars for himself in his presidency. Russia is effectively a mafia organization in which he’s the capo and the only difference between this mafia organization and the Colombian mafia or the Italian mafia is that Vladimir Putin controls thousands of nuclear warheads.
And the economy:
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