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Abstract This book researches the question of what the Russian Mafia is, and challenges widely held views of its nature. It charts the emergence of the Russian Mafia in the context of the transition to the market, the privatization of protection, and pervasive corruption. The ability of the Russian State to define property rights and protect contracts is compared with the services offered by fragments of the state apparatus, private security firms, ethnic crime groups, the Cossacks and the Russian Mafia. Past criminal traditions, rituals, and norms have been resuscitated by the modern Russian Mafia to forge a powerful new identity and compete in a crowded market for protection. The book draws on and reports from undercover police operations, in-depth interviews conducted over several years with the victims of the Mafia, criminals, and officials, and documents from the Gulag archives. It also provides a comparative study, making references to other mafia in other countries (the Japanese Yakuza, the Sicilian Cosa Nostra, American–Italian Mafia and the Hong Kong Triads). The book has an introduction and conclusion and between these is arranged in three parts: I. The Transition to the Market and Protection in Russia (three chapters); II. Private protection in Perm (two chapters investigating the emergence and operation of the mafia in the city of Perm); and III. The Russian Mafia (three chapters).