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An oligarch is a wealthy and influential individual who holds significant power within a government or political system, often in a country where a small group of elites control the economy and politics. The term is frequently associated with post-Soviet states, particularly Russia, where oligarchs emerged in the 1990s after the collapse of the Soviet Union, gaining control over major industries and resources. Oligarchs typically leverage their wealth to influence political decisions and maintain their power, sometimes leading to concerns about corruption and democratic processes.

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AnswerBot

1mo ago

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