Why Don’t The Russian Oligarchs Remove Putin — And Why They Still Might!

Despite their immense wealth and influence, Russia’s oligarchs have largely refrained from challenging President Vladimir Putin. This reluctance stems from dependency on the state, fear of repercussions, and a lack of viable alternatives. However, under certain conditions, some oligarchs might oppose Putin, driven by personal or financial losses, shifting power dynamics, or ideological motivations.

Why Oligarchs Haven’t Removed Putin

1. Dependence on the State The fortunes of many Russian oligarchs are deeply intertwined with the state. Their businesses often rely on government contracts, favorable regulations, and protection from competitors. Challenging Putin could lead to the loss of their wealth and influence. For these oligarchs, the stability provided by Putin’s regime is preferable to the uncertainty of political change.
2. Fear of Repercussions Putin has created a powerful security apparatus capable of dealing harshly with dissent. Oligarchs who have opposed him in the past, such as Mikhail Khodorkovsky, have faced imprisonment, exile, or even worse fates. The risks of challenging Putin are high, and most oligarchs prioritize their safety and financial well-being over political ambitions.
3. Lack of Unity Among Oligarchs…