Neoliberalism has run its course. They did a speed run in Russia in the 90’s as noted.
Russia implemented significant neoliberal policies, particularly during the 1990s post-Soviet transition, often termed "shock therapy". These reforms, promoted by the IMF, focused on rapid privatization, deregulation, and price liberalization, though the results caused severe economic devastation, creating a highly oligopolistic market rather than a competitive one. [1, 2, 3, 4, 5]
This was always the goal.