Catherine Belton

Jun 23, 2020

Putin's People

How the KGB took back Russia and then took on the West

Farrar, Straus and Giroux 2020

The Russian state is back. That may not be a big surprise to Russia watchers. The degree to which it is a KGB state, however, is documented in great detail in Catherine Belton's new book Putin's People: How the KGB Took Back Russia and Then Took on the West (Farrar, Straus and Giroux 2020). Certain elements of the KGB were playing a "long game" as early as the 1980s and saw the need for an alternative to the sclerotic late Soviet system. And they were going to be part of that post-Soviet regime. Fast forward 20 years later, these security and intelligence officials are still playing a long game financially, moving billions of dollars around off-shore to forward the interests of the Russian state, and their own.
Daniel Peris is Senior Vice President at Federated Investors in Pittsburgh. Trained as a historian of modern Russia, he is the author most recently of Getting Back to Business: Why Modern Portfolio Theory Fails Investors. You can follow him on Twitter @HistoryInvestor or at

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Daniel Peris is Senior Vice President at Federated Hermes in Pittsburgh. He can be reached at or via Twitter @HistoryInvestor. His History and Investing blog and Keep Calm & Carry On Investing podcast are at https://strategicdividendinves...

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