He’s not incorrect on this one. The oligarchs simply stole the wealth without reinvesting in the country’s development.
Yeah I’ve postulated the question to Russian defenders here on FR, what great awesome companies (Industrial or Commercial) does Russia have besides Gazprom and they really don’t have much.
I would bet Mexico or even Turkey has more international companies that do better on the international stage than Russia.
That, and the fact that every woman living there wants to run away to a western nation.
Makes you wonder how Russia even functions.