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ByLawrence Joffe, Lawrence Joffe

Opinion

Oligarchs and olim: Russian Jews today

The JC essay

March 2, 2012 10:50
8 min read

Peering from behind bars, his hair shorn to prison regulation length, Mikhail Khodorkovsky maintains a quiet dignity. Once the richest man in Russia and head of the Yukos oil conglomerate, he has become Russia's most famous political prisoner and a thorn in Vladimir Putin's side. His case highlights Russia's ingrained authoritarianism, an issue that has leapt back to life, sparking unprecedented protests after last year's legislative elections, and now gathering pace again before Sunday's presidential poll. More widely, his plight invites consideration of the position of Jews in post-communist Russia and why so many left.

Among the restrictions lifted along with the iron curtain were two taboos: money and religion. As ordinary Russians found themselves able to make money and build private enterprise, they were also allowed to express the religions they had suppressed under communism. Many took advantage of the new freedom to emigrate, while those who stayed were able to benefit from the radical domestic reforms.

Khodorkovsky studied chemistry, following in the footsteps of his Jewish father and Christian mother. With his right-hand man, Leonid Nevzlin, fully Jewish and now in exile in Israel, in 1987, "Misha" Khodorkovsky founded Menatep, Russia's first private investment bank, with the approval of Gorbachev's liberalising Kremlin. He had already shown entrepreneurial nous by setting up a firm to import badly needed computers from abroad. The big breakthrough came in late 1995 when he acquired Yukos, Russia's second biggest oil producing company, from Boris Berezovsky. Even then, the line between politics and business was hard to draw.

In 2001, Khodorkovsky founded the Open Russia foundation to encourage liberal values and broader education; he also turned Yukos into a transparent, western-style conglomerate. This won increased loyalty from foreign investors and shares soared, but the Kremlin inner circle saw it as a threat to their power. Misha publicly stated that the Kremlin had problems with corruption; a furious Putin retorted that Yukos should be investigated for possible tax evasion.