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The problem with what happened in Russia in 90's was caused by the same people who exploited it while USSR lasted. The same cynical and greedy party officials then and now.
The main fault of the West in it was it happily accepted all the corrupt money flowing from Russia. This led to completely absurd situations where IMF was sending 2 billion loan to Russia which then disappeared and reappeared back in London as luxury properties of new Russian oligarchs.