
Putin’s people: Money in the bank and a palace by the sea
01/23/21 • 38 min
In December 2010, a St. Petersburg businessman named Sergey Kolesnikov penned a nifty four-page open letter to then-President Dmitry Medvedev, outlining how a glorious palace built for Vladimir Putin came to be. The details of this seemingly ancient document are now familiar again thanks to a massive investigative report released this week by the opposition figure Alexey Navalny, who survived an attempted assassination last year only to be jailed last weekend after returning home to Moscow.
As Meduza recorded this show, cities across Russia were hours away from planned protests in support of Navalny, who timed his investigation into Putin’s palace to land exactly as the world watches to see how his movement mobilizes against his incarceration.
To learn more about how the Kremlin’s slush funds operate in Russia and abroad, how Vladimir Putin allegedly amassed a fortune in secret, and how the president’s early days in KGB still influence Russian politics, “The Naked Pravda” turned to Catherine Belton, a special correspondent at Reuters and the author of the 2020 book “Putin’s People: How the KGB Took Back Russia and Then Took On the West.”
“The Naked Pravda” comes out on Saturdays (or sometimes Fridays). Catch every new episode by subscribing at Apple Podcasts, Spotify, Google Podcasts, or other platforms. If you have a question or comment about the show, please write to Kevin Rothrock at [email protected] with the subject line: “The Naked Pravda.”
Как поддержать нашу редакцию — даже если вы в России и вам очень страшно
In December 2010, a St. Petersburg businessman named Sergey Kolesnikov penned a nifty four-page open letter to then-President Dmitry Medvedev, outlining how a glorious palace built for Vladimir Putin came to be. The details of this seemingly ancient document are now familiar again thanks to a massive investigative report released this week by the opposition figure Alexey Navalny, who survived an attempted assassination last year only to be jailed last weekend after returning home to Moscow.
As Meduza recorded this show, cities across Russia were hours away from planned protests in support of Navalny, who timed his investigation into Putin’s palace to land exactly as the world watches to see how his movement mobilizes against his incarceration.
To learn more about how the Kremlin’s slush funds operate in Russia and abroad, how Vladimir Putin allegedly amassed a fortune in secret, and how the president’s early days in KGB still influence Russian politics, “The Naked Pravda” turned to Catherine Belton, a special correspondent at Reuters and the author of the 2020 book “Putin’s People: How the KGB Took Back Russia and Then Took On the West.”
“The Naked Pravda” comes out on Saturdays (or sometimes Fridays). Catch every new episode by subscribing at Apple Podcasts, Spotify, Google Podcasts, or other platforms. If you have a question or comment about the show, please write to Kevin Rothrock at [email protected] with the subject line: “The Naked Pravda.”
Как поддержать нашу редакцию — даже если вы в России и вам очень страшно
Previous Episode

How Russia is ruled: Debt and vertical control across towns and industries
Thanks to Russia’s recent constitutional amendments, local self-government has effectively lost its independence. State officials at all levels are now accountable, one way or another, to the president. Dramatic as these changes seem on paper, the reforms, in fact, formally recognize what has long been true in reality: appointed “city managers” have largely replaced the country’s elected mayors. But Russia’s “power vertical” relies on more than just political appointments.
To learn about the other levers at the Kremlin’s disposal, Meduza turned to Yuval Weber, the Bren Chair of Russian Military and Political Strategy at Marine Corps University’s Krulak Center and a Research Assistant Professor at Texas A&M’s Bush School in Washington, DC. Dr. Weber is the author of a forthcoming book, titled “The Russian Economy,” about how economic reform efforts in Russia follow similar trajectories even among different types of government.
“The Naked Pravda” comes out on Saturdays (or sometimes Fridays). Catch every new episode by subscribing at Apple Podcasts, Spotify, Google Podcasts, or other platforms. If you have a question or comment about the show, please write to Kevin Rothrock at [email protected] with the subject line: “The Naked Pravda.”
Как поддержать нашу редакцию — даже если вы в России и вам очень страшно
Next Episode

Fighting the ‘crooks and thieves’: Alexey Navalny’s anti-corruption politics
For the last six months, Russian opposition politician Alexey Navalny has been making headlines both in Russia and abroad. His near-fatal poisoning in August 2020 provoked international outcry and his immediate arrest upon returning to Russia after spending months recovering in Germany sparked a wave of protests that brought people to the streets countrywide.
With Navalny in jail, his supporters and associates sprang into action. The day after his arrest, his Anti-Corruption Foundation published an investigation about a billion-ruble palace allegedly built for Russian President Vladimir Putin. Meanwhile, his “Team Navalny” offices in cities across Russia worked to organize the demonstrations calling for his release.
Nevertheless, on February 2, a Russian court sentenced Navalny to nearly three years in prison — as Meduza recorded this show, law enforcement in Moscow and St. Petersburg were detaining protesters opposing his sentence en masse.
To assess the broader impact of Navalny’s anti-corruption work and his influence on politics in Russia, “The Naked Pravda” spoke to Ilya Lozovsky, a senior editor at the Organized Crime and Corruption Reporting Project (OCCRP), and Yana Gorokhovskaia, an independent researcher focusing on politics and civil society in Russia.
“The Naked Pravda” comes out on Saturdays (or sometimes Fridays). Catch every new episode by subscribing at Apple Podcasts, Spotify, Google Podcasts, or other platforms. If you have a question or comment about the show, please write to Kevin Rothrock at [email protected] with the subject line: “The Naked Pravda.”
Как поддержать нашу редакцию — даже если вы в России и вам очень страшно
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