The book was a best-seller, translated into 20 languages. But many dismissed it as scare-mongering. Distinguished diplomats and eminent Russia experts lined up to pooh-pooh my fears.
Russia, though not perfect, was now capitalist and democratic, they said. It was part of the West. Mr Putin’s regime was no worse than many others. The business opportunities for foreigners were good.
Some of my critics were merely naïve. Others were cynical. Britain was - and still is - awash with Russian money.
Any criticism of modern Russia, my book included, was countered by an influential pro-Kremlin lobby of bankers, lawyers, accountants and businessmen, whose comfortable lifestyle depends on lavish fees and contracts earned from the suppurating mess of Kremlin crony capitalism.
They ignored the growth of a new ideology in Russia.
It was an old idea reborn — the Czarist trinity of autocracy, nationalism and orthodoxy.
Mr Putin and his ex-KGB cronies brook no opposition.
They have a sinister, superstitious belief in their own destiny. They want to restore Russia’s greatness – and believe that God is on their side.
Bizarrely, they combine those beliefs with Soviet nostalgia – not for Vladimir Lenin’s failed communist experiment, but for the greatness of the Soviet empire.
In truth, that was built on the bones of tens of millions of innocent victims – including countless Russians.