Hi there! This is a typical story of Russia 90-s when it was the rise of crime after falling of USSR and the advent of democracy.
Then everyone respectful businessman wore a maroon suit and any issue could be solved by violence.
If you are interested you can see iconic films of great Russian director Alexey Balabanov about that time. Brother(1997), Blind Man's Bluff (2005) etc. are Balabanov's films, which I used as references for my work.