Semibankirschina
Group of seven Russian business oligarchs / From Wikipedia, the free encyclopedia
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Semibankirschina (Russian: семибанкирщина), or seven bankers, was a group of seven powerful Russian business oligarchs who played an important role in the political and economical life of Russia between 1996 and 2000. In spite of internal conflicts, the group worked together in order to re-elect President Boris Yeltsin in 1996, and thereafter to successfully manipulate him and his political environment from behind the scenes.
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Semibankirschina | |
Russian | семибанкирщина |
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Romanization | Semibankirschina |
Literal meaning | rule of seven bankers |
The seven businessmen were identified by oligarch Boris Berezovsky in an October 1996 interview, and the term "semibankirschina" was then coined by a journalist in November 1996 as a takeoff on the Seven Boyars (semiboyarschina), who deposed Tsar Vasily Shuisky in 1610 during Time of Troubles.