Who is helping steer the Kremlin now? - CSMonitor.com

February 17, 2015 12:37 PM

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Who is helping steer the Kremlin now? - CSMonitor.com

Moscow — The West’s response to Russia’s alleged military aid to Ukraine’s rebels has been based on the idea that the biggest influence in Russian President Vladimir Putin’s inner circle are the so-called oligarchs. Hurt the business elite that stand beside Mr. Putin, goes the theory, and you pressure the Russian president himself.

And the oligarchs are reportedly hurting, as Western sanctions – given extra bite by plummeting oil prices – have eaten away at their fortunes. Financial analysts put the damage in the billions of dollars, with no respite in the offing.

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