The new wealthy owners of private capital in Russia are called oligarchs

Name: The new wealthy owners of private capital in Russia are called oligarchs
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This statement is true. The term "oligarch" refers to wealthy individuals who gained their wealth and influence through their connections to political power and control over strategic industries during the privatization of state-owned assets in Russia in the 1990s. These individuals still hold significant economic and political power in Russia today.

The New Wealthy Owners of Private Capital in Russia Are