Belkovsky is a commentator on a variety of political issues, including Russian oligarchs, such as Mikhail Khodorkovsky.

[1][2][3][4] In 2003 Belkovsky co-authored a paper entitled "State and Oligarchy" which many considered as the ideological justification of Mikhail Khodorkovsky's arrest and trial.

[5][6] In 2005 Belkovsky announced that he is co-authoring a book with Eduard Limonov, at the time the head of the National-Bolshevik Party.

[7] Belkovsky has published allegations about Vladimir Putin's personal wealth, according to which Putin "controls a 4.5% stake in Gazprom, 37% in Surgutneftegas" as well as 50% in the oil-trading company Gunvor run by his close friend Gennady Timchenko.

[8] He coined the journalistic cliché "Puting" (Путинг), derived from the name of Russia's president from 2000-2008 and 2012–present, to denote the process of the renationalisation of Russia's oil industry assets.