As you can see from my response to SB, just above your post, I have interpreted that statement differently. The reactionary nationalism part, I thought, related to the 'cultural-political' sphere and not and not to the economic part i.e. oligarchy and the rest.

I clearly remember someone saying how CIA had a desk (in Kremlin, I think?) directing the fire-sale of Soviet assets during drunken Yelsin's inglorious years.