Putin in Kremlin Alexei Druzhinin/Getty Images

Russia’s Oligarchs-in-Waiting

Through a process of brazen nepotism, Russian President Vladimir Putin has nationalized his country's elites, and consolidated his own power. As the better-known children of Russia’s previous generation of oligarchs have steadily left the country, the offspring of Putin’s cronies have taken their place.

STOCKHOLM – Under President Vladimir Putin, cronyism has replaced Russia’s once-burgeoning capitalism. If Putin lives by any motto, it is this: “To my friends, anything; for my enemies, the law.”

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