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Twilight of the Oligarchs

From Reuters:

“Russia has reached a crossroads. Many of the oligarchs are basically bankrupt and will not get out of this mess by themselves,” said one senior Western banker, who requested anonymity because of the sensitivity of debt talks.

“Should they be bailed out with public money intended for Russian pensioners? That is the next page which we are about to see,” said the banker. “Many are facing extinction.”