Putin’s statism has created an atmosphere in which oligarchs and firms targeted by sanctions are able to lobby the Kremlin for a pay-out from the state budget.

Twice over the last three months, Rosneft has requested financial assistance from the Russian government to mediate the impact of sanctions. Together, these requests are worth in excess of Rs2.5tn ($86bn).

http://blogs.ft.com/beyond-brics/2014/10/30/guest-post-as-russian-growth-slides-putin-pushes-self-reliance/ – 10/30/2014.