Bank Rossiya was not... just a vehicle for investment by... what would become Putin's circle. It was... one of the many places where this circle... c… - Karen Dawisha

I'm talking about a system in which risk is nationalized and reward is privatized. Only those loyal to Putin enjoy the benefits of this rule. ...It ...is not the case for many hundreds of thousands of small or medium-sized business owners in Russia who are subject to this... raiding by those above them... Property rights are secured by loyalty and not by law. They could take their claims to court, but those court decisions are political... and so the market... is hugely distorted by political considerations. There's no transparency.

...Timchenko's company "was a beneficiary of a large export quota under a scandal-tainted oil-for-food scheme set up by Mr. Putin when he worked as head of the city administration’s foreign economic relations committee in 1991 ..." Timchenko and his colleagues were never prosecuted, and indeed he went on to establish .

Putin... allegedly favored a takeover of the St. Petersburg port by the Tambov organized crime group.