The government of Russia has begun a series of billionaire bailouts to help save some of the Kremlin's favored oligarchs from massive debts owed to foreign banks and other entities.
Some examples include:
Billionaire Oleg Deripaska's aluminum company RusAl would be the main beneficiary of a $10 billion state credit bailout to be disbursed by development bank VEB.
Some $3 billion was provided to billionaire Mikhail Fridman's Alfa Group and state-controlled Rosneft to help refinance their foreign debts.
And that, friends, is still a lot of rubles. More to come from Mother Russia.
