Why would Big Biz allow them to survive the 1990 crash. That would be when the west took over. Putin stopped the amount of profits that left the country. Nobody in the US is looking out for the welfare of the citizens.
"Billionaires who built their fortune on Soviet-era steel giants have spent nearly $9 billion in the last few years acquiring U.S. mills to expand their global presence. At today's knockdown prices, investors believe it's a gamble worth taking."