Alexei Kudrin — the state finance factotum President Vladimir Putin promoted for his entire federal government career until in the war against the Ukraine and the US the president couldn’t protect him any longer — has lost his half-billion dollar payoff.
Kudrin’s long-held ambition to succeed Putin in the Kremlin with US backing ends with the oligarchs and state bankers about to take over Yandex and cutting Kudrin’s stake in the deal by at least two percent and several hundred million dollars. This last cut is not only the deepest for Kudrin: the oligarchs and bankers are making public this week that Putin is not protecting Kudrin any longer.
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