Throughout the 1990s, the oligarchs stole assiduously from the Russian state, manipulating domestic politics and wringing every drop of cash from whatever assets they controlled. In the aftermath of the 1998 ruble collapse, the slow realization dawned that such a strategy constituted a sort of starvation diet, prompting the oligarchs to manage their assets differently
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After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.