Succession, Kremlin-style
https://www.ft.com/content/f34d6b64-f802-43d9-b919-33f6bdd3c59c
Extracts as article is behind a pay wall.
The Kremlin princelings cementing Putin’s rule
The prominence of the Kremlin princelings indicates Putin, 71, is making plans to ensure his regime’s longevity even as he puts the country on a war footing to sustain his invasion of Ukraine, analysts say.
“This is about succession — it’s an attempt to hand over power. The new generation of princes and princesses is becoming more prominent,” said Ilya Shumanov, head of Transparency International’s Russia branch.
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“There’s an imbalance when you have too many clans who are there not because of their professional qualities, but because they have the president’s blessing to access financial resources,” he added. “People are in jobs they shouldn’t have.”
Among the lucky few to secure promotions in Putin’s new cabinet in May were Dmitry Patrushev, son of Nikolai Patrushev, the longtime former head of Russia’s security council; and Boris Kovalchuk, son of the banking and media billionaire Yuri Kovalchuk, one of Putin’s closest friends.
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One former high-ranking Russian government official said the ensconcement of the next generations in such plum roles was all about Putin paying back those who had paved his path to power.
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The nepotistic appointments indicate Russia’s entrenched elite want to secure their position in the longer term, Shumanov said.
“They know Putin doesn’t have an indefinite sell-by date. So the higher they can get, the more chances they have to survive and find a secure place if the system splits,” he added. “That’s why they’re trying to get control of more assets, so they’ll have a stronger bargaining position.”