Former Prime Minister Tony Blair was the first foreign leader to develop an informal relationship with the then newly elected Russian President Vladimir Putin. At the time, Blair was envied by other European politicians. In its time, the TNK-BP transaction was the biggest foreign investment in the Russian economy, with the blessing of both Putin and Blair. Yet it all ended in a complete fiasco, with the two countries’ relations deteriorating rapidly and reviving memories of the Cold War.
Related article: Russia and Britain can leave the past behind
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