Russian Bailouts Benefiting 2 of Russia’s Most Wealthy People

It’s the same story around the world. Only the already-rich are truly benefiting from these government bailouts. Check out the latest news from Russia’s $200 billion bailout:

MOSCOW: Companies belonging to two of Russia’s richest men are among the first to be awarded loans from a $50 billion government bailout fund intended to help Russian companies repay debts to Western banks, rather than allow the banks to seize assets that had been pledged as collateral.

The plan is integral to Russia’s overall $200 billion bailout package. In keeping with a strong nationalist bent in Russian business policy, a stated goal is to send the aid quickest to those companies at risk of foreign takeovers during the financial crisis.

The result will likely be payouts to already wealthy Russians, though with strings attached.

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