[I’ll predict MBS and the House of Saud will be gone long before the Russians stop exporting oil.]
Russia 101 - Gazprom sells a drilling company to Arkady Rotenburg, close friend of Putin. Over the next nine years, he earns from it 6 times the purchase price. Now Gazprom plans to buy it back.
And people wonder why Gazprom’s share price is so low...
https://twitter.com/HenryJFoy/status/1163345894651113472
The market value of Gazprom, which is listed on the London Stock Exchange, peaked at $369 billion in May 2008. Now that investors have figured out that Gazprom is working for its contractors and asset-strippers rather than its shareholders, the company currently trades at $60 billion. That means Gazprom insiders have reduced its value by some $310 billion, which must qualify as either a case of epic bad management or one of the biggest heists of all time. Chief executive Alexei Miller, a former assistant to Putin, has held the job since May 2001, indicating that Putin is satisfied with his performance.
https://www.washingtonpost.com/opinions/2019/06/05/vladimir-putin-is-russias-biggest-oligarch/
Check share price since “MAX” = FEB2006:
https://finance.yahoo.com/quote/OGZPY?p=OGZPY&.tsrc=fin-srch