Andrey Illarionov, a market reformer and Putin\’s economic advisor until his resignation two years ago, alleged that the Russian government\’s £75 billion Stabilisation Fund, created in 2004 to cushion the budget from a fall in oil prices, was being exploited by members of the ruling elite for their personal benefit.
He gave no details of how this allegedly occurred.
"The Stabilisation Fund, in the form in which it was created in which monies were accumulated, has ceased to exist. It has died. This is now a fund for increasing the personal wealth of specific individuals," he claimed in a radio interview.
Now that is a surprise! Politicians get to control $ hundreds of billions and some lines their pockets?
Slap me down with a wet kipper.