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Reining in Putin's Cronies

May 17, 2016 | 19:20 GMT
Russian President Vladimir Putin and Igor Sechin (R), CEO of state-controlled Russian oil giant Rosneft, may be at odds in debates over proposals to make state firms pay more funds to the government.
Russian President Vladimir Putin and Igor Sechin (R), CEO of state-controlled Russian oil giant Rosneft, may be at odds in debates over proposals to make state firms pay more funds to the government.
(MIKHAIL KLIMENTYEV/AFP/Getty Images

Moscow is desperate for cash. In the midst of a recession caused by low oil prices, Western sanctions and anemic foreign investment, the government needs revenue to meet budget shortfalls. The Kremlin has already cut the government budget twice since the end of 2015 -- 10 percent each time. It...

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