The Russian Government Allocates 1 Trillion Rubles to Compensate Russian Oligarchs for Damage Caused by Sanctions
The Kremlin is seriously concerned about the growing discontent among oligarchs and big businesses. Special services warn Putin about a possible conspiracy of oligarchs, whose condition is rapidly declining under the pressure of sanctions.
The government has developed an action plan aimed at supporting the oligarchs and minimizing their discontent. The Ministry of Finance, represented by Minister Siluanov, intends to use the funds of the National Wealth Fund (NWF) to buy shares of Russian companies.
The authorities are going to spend up to 1 trillion rubles on the purchase of such securities. In total, the NWF as of the end of January contained more than 13 trillion rubles. That is about 7.3% allocated for operations with shares. If you call things by their names, the Mishustin government will help large businesses and oligarchs from funds deferred by the Russian Federation for a “black day.” Oligarchs losing yachts, planes and elite real estate bought in the West today will not be left alone with their problems. During the year, they are compensated for losses under sanctions gaining momentum. A trillion of rubbles will be spent to support and help oligarchs by buying back their securities for real money.
We are not talking about allocating funds to support the population yet – special services report that the risk of a revolution in Russia is minimal, Putin’s ratings are higher than ever. Consequently, the priority is to support the most unreliable – oligarchs and large businesses.
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