Monday, August 4, 2014

Are Russia's Oligarchs Putting Pressure On Putin Because Of Sanctions?

Gennady Timchenko (RIA Novosti/Vladimir Fedorenko)

‘No Compromise’: Big Business Won’t Pressure Putin Over Sanctions -- RT

The big Russian businesses hurt by Western sanctions against Russia won’t even think about putting pressure on President Putin, because the interests of the state are at stake in the conflict, says a reputed presidential ‘inner circle’ figure.

“This is out of the question,” Gennady Timchenko, who is one of the few Russian businessmen personally targeted by the US-championed sanctions, told ITAR-TASS.

“In any situation Putin is guided by the interests of Russia. Period. There can be no compromise about it,” he said. “[Captains of industry] wouldn’t even thing about discussing it. Sanctions pose certain difficulties, but they are trivial next to the scale of the state’s goals.”

Timchenko is the owner of the private investment group Volga Group and former co-owner of oil trader Gunvor Group. He is estimated to worth between $12 billion and $16 billion.

Read more ....

My Comment: Unlike what the Western press is stating .... the oligarchs are not going to put pressure on Putin. They do not like sanctions, and they certainly do not like the impact that it may have on their personal lives .... but they are Russians first .... they live there and they are not going to oppose their President at this point in time. When this current crisis is over .... they will probably voice their unhappiness .... but definitely not now.

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