Skip to main content

Chubais – The next neoliberal head to roll in Russia?

I venture that few outside the Russian Federation will even know the name of Anatoly Chubais, today the CEO of a Russian high-tech company called Rusnano. Following the high-profile November 15 arrest of Prime Minister Dmitry Medvedev’s Minister of Economics, Alexei Ulyukaev, on charges of accepting at least $2 million in bribes in a state privatization involving Rosneft and Bashneft energy companies, the spotlight has turned to the company of Anatoly Chubais, Boris Yeltsin’s 1990s privatization czar, today CEO of state-owned Rusnano. If charges are formally brought against Chubais–undeniably one of the most hated of the Yeltsin-era kleptocrat “reformers” who worked with the CIA during the 1990’s to plunder Russian state assets worth hundreds of billions for just pennies – it will signal that Putin feels in a strong enough position to purge the pro-free market liberal mafia that still holds a lock grip on the development of the Russian economy.

by F. William Engdahl for the Saker blog

On 16 November, the day after the dramatic arrest of Ulyukaev, state prosecutors and police raided the offices of Chubias’ Rusnano. Notable about the reports of the prosecutors’ questioning Chubais and other top officers at Rusnano, is the fact that several have fled Russia in recent months to avoid prosecution. To the present, Chubais remains, and vehemently claims innocence.

In my view, there is vastly more at stake here than the innocence or guilt of Chubais. This move, if combined with the arrest of Ulyukaev, signals a major cleanup of corrupt elements who, beginning even before 1991, organized to sell Russia to the CIA and Western speculators like George Soros.

Some history that has generally been blacked out in the West about the true role of Anatoly Chubais and the Yeltsin Presidency are instructive to also understand the irrational rage of Washington and US banks and oligarchs directed at Putin and at everything he does to re-establish Russian sovereignty and stability.

Part 3 - Soros to the Yeltsin Rescue

This left many Russian citizens feeling cheated, royally screwed, furious as their dreams of a promised share in “capitalist private property” vanished, along with their savings, during the Central Bank hyperinflation money printing, another part of George H W Bush’s Operation Hammer. By 1993 the pressures from all sides including the Duma were dramatically rising. The population was demanding action. The Supreme Soviet, the upper house, was drafting a bill that would freeze the entire privatization process. The opposition was becoming so great that Chubais ultimately had to rely largely on Yeltsin’s presidential decrees, not parliamentary approval, for implementation. The Harvard HIID’s Moscow man, the CIA’s Jonathan Hay and his HIID associates, drafted many of the decrees. USAID’s Walter Coles, whose office funded the Chubais privatizations via HIID admitted, “If we needed a decree, Chubais didn’t have to go through the bureaucracy.” Russia’s nascent efforts to establish some form of parliamentary democracy or even checks on dictatorial Presidential power were of little interest to Washington officials or to Chubais and his cabal around Yeltsin.

At that point, as opposition threatened to get out of hand, Yeltsin felt forced to agree to a national referendum on the entire privatization process. The date was to be April 25, 1993.

The referendum contained four yes/no questions: (1) do you support Yeltsin, (2) do you support Yeltsin’s economic policy, (3) do you want early elections for President, and (4) do you want early elections for parliament?

Facing sure defeat, Chubais, likely on advice from his Harvard mentors, arranged to secretly meet with US billionaire George Soros. Soros agreed to finance on behalf of Yeltsin the Referendum campaign. Soros funneled $1 million, a huge sum on Russia at the time, to offshore accounts set up for Chubais to use to buy media exposure. Yeltsin survived by a slim 52% and privatization of major Russian industrial companies went forward. Yeltsin was giving the Crown Jewels and much more to a cabal of CIA-backed Russian oligarchs as well later to Soros himself.

From Washington, Summers at Treasury architected the Chubais-Gaidar privatization with Jeffrey Sachs and Andrei Schleifer serving to directly convey the plans to their Yeltsin economic advisers. The Chubais-Washington privatization of Russian assets was a theft on a scale unprecedented in any nation, even in wartime. From 1992 to 1994, ownership of 15,000 firms was transferred from state control largely to the new billionaire oligarchs such as Khodorkovsky and Berezhovsky via the Chubais-Washington voucher program.

Source and references:


[1] [2] [4]

Comments

Popular posts from this blog

Trump Talks COLLAPSE SPECTACULARLY As Iran REFUSES DEMANDS & HUMILIATES HIM Again & Again!!

Secular Talk    

Προβλέψεις ...

GR elections Update (15/9): Αναθεωρημένες προβλέψεις (μετά το δεύτερο debate): ΣΥΡΙΖΑ 28-30% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 2,5-3% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (11/9): Αναθεωρημένες προβλέψεις (μετά το πρώτο debate): ΣΥΡΙΖΑ 25-28% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (04/9): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update (29/8): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 4-4,5% ΠΟΤΑΜΙ 4-4,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update : Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 26-27% ...

The West's hypocrisy has been exposed: This is how

Geopolitical Economy Report   Donald Trump's attacks on longtime US "allies" have forced Western leaders to admit their warmongering foreign policy was hypocritical. Canada's Prime Minister Mark Carney said the truth in his speech at the World Economic Forum in Davos: the "rules-based order" was "false". Ben Norton explains how the global balance of power is shifting.

Greeks BLOCK Israelis From Entering Their Country

Revolutionary Change   In a continuing worldwide trend, Greeks are now attempting to block Israelis from entering their country amid them attempting to flee the consequences of their actions. Peter Hager delves into this recent trend.

Stephen Hawking confirms: The problem is Capitalism, not robots!

globinfo freexchange According to world famous physicist Stephen Hawking, the rising use of automated machines may mean the end of human rights – not just jobs. But he’s not talking about robots with artificial intelligence taking over the world, he’s talking about the current capitalist political system and its major players. On Reddit, Hawking said that the economic gap between the rich and the poor will continue to grow as more jobs are automated by machines, and the owners of said machines hoard them to create more wealth for themselves. The insatiable thirst for capitalist accumulation bestowed upon humans by years of lies and terrible economic policy has affected technology in such a way that one of its major goals has become to replace human jobs. If we do not take this warning seriously, we may face unfathomable corporate domination. If we let the same people who buy and sell our political system and resources maintain control of automated technology, the...

Project Mythos: Too Dangerous to Release — So the U S Got It First

GVS Deep Dive   In the middle of rising geopolitical tensions and the Iran–U.S. conflict, a powerful new AI model quietly emerged—one that may reshape cybersecurity, financial systems, and the global economy. Built by Anthropic, the model—Claude Mythos—was reportedly considered too dangerous to release publicly. Instead, it is being tested under Project Glasswing by major tech companies like Amazon, Apple, Microsoft, and cybersecurity leaders like CrowdStrike and Palo Alto Networks. The model has demonstrated the ability to detect and exploit software vulnerabilities across operating systems, web infrastructure, and critical digital systems—raising serious questions about cyber warfare, financial security, and national defense. With involvement from U.S. institutions like the U.S. Department of the Treasury and the Federal Reserve, this may represent a major shift in how governments approach artificial intelligence, cybersecurity, and global power competition. As AI capabilities a...

The dominant elite ready to break the "social contract"

Hyper-automation will allow the super-rich to “get rid” of the rest by system failure Since the French revolution and the new form of the urban states-democracies, the ruling class had to make the so-called "social contract" with the majority. From the moment that the dominant urban class took the power from feudalism and monarchy, should had to find a way to protect the means of production and the labor force. Therefore, the ethnic consciousness in each state served to bound the majority in order to shape national armies to protect the ruling class interests. In exchange, the ruling urban class had given the so-called social state, labor rights, etc., through the nation-state as a carrier and guarantor for all these benefits for the middle and lower classes. Since then, there have been a lot of battles and the majority managed to conquer some benefits. At the start of 20th century, the technology progress had brought the mass production. Western s...

Iranian Women Resist Invasion, Hospitals Targeted & Petrodollar Collapse

MintPress News   MintPress News founder Mnar Adley, this essential interview with University of Tehran professor Dr. Setareh Sadeghi reveals the devastating reality of US-Israeli aggression against Iran that corporate media refuses to report. With over 307 medical facilities destroyed in one month, schools bombed, and universities targeted, Iran faces what officials describe as a genocidal campaign. Dr. Sadeghi exposes: • How BBC journalists calling for Iran to be "nuked" are tied to CIA-backed regime change networks • Why Iranian women are leading mass rallies in defense of their nation—not against it • The collapse of Western propaganda as independent Iranian creators go viral worldwide • How Iran's regulation of the Strait of Hormuz is accelerating the petrodollar's decline • UAE's covert complicity in war crimes while positioning itself as a neutral party • Why Russia and China are aligning with Iran against unipolar imperial domination As Trump threatens to ...

First predictions for the snap elections in Greece

Greek elections globinfo freexchange First predictions for the snap elections in Greece have started already. According to the German newspaper Bild, SYRIZA appears with heavy losses with a percentage of 28%. Close to SYRIZA is the right-Wing New Democracy with 25% (little less than 3% lower than in previous elections) and the new Popular Unity party that came from the split of SYRIZA, appears to gather 8% of the votes. All first polls show significant losses for Alexis Tsipras and SYRIZA. In the last few days, many members of the party have resigned and Tsipras has to deal also with the internal crisis in his party after the split according to the plan B of the Brussels bureaufascists. Most of the early predictions give Lafazanis' Popular Unity a percentage of 7-8%, while SYRIZA's partners in the coalition government, Independent Greeks, struggle to reach the crucial 3% to enter the new parliament. In any case, the split of SYRIZA creates an even...

Billionaires are social distancing in super yachts as tens of millions lose jobs

Everyday, it becomes clearer: the COVID-19 pandemic is hitting poor, working, and marginalized communities the hardest. Millions of workers – especially low-wage retail, food service, hospitality, and care workers – have faced the terrible choice daily between going to work and risking their health, or staying home and risking their paychecks. Many other workers don’t even have that choice, with around 30 million people in the US filing for unemployment in the past six weeks. But billionaires don’t face these same problems. As tens of millions have lost their jobs over the past two months, billionaire wealth soared by a whopping $282 billion between March 18 and April 10, according to a new study from the Institute for Policy Studies.  And while finding enough space to wait out the pandemic is something many struggle with, billionaires have been escaping to their second (or third, or fourth) homes to ride it out in luxury – all while they position themselves to ...