issuevoter wrote on Sep 5
th, 2023 at 11:56am:
Putin committed his best troops first. Those left must be getting tired, and the conscripts don't want to be there anyway. When the USSR collapsed, within weeks, the national industries and resources were owned by the men who became olegarchs. Putin made them even richer, but his plan failed and they lost huge amounts of money and international property. Putin has no way out. Win or he's a dead man.
It's not as simple as that.
Oligarchs don't actually own the money, although they do get to use a lot of it.
Putin invites his friends to be the frontmen (oligarchs) of the cash mountains.
So long as the frontmen remain loyal to Putin and protect him from direct involvement in their dealings, all is well.
However, Putin controls all the cash and can confiscate it at any time (almost always for disloyalty; incompetence, not so much), but, being Russian, falling out with Putin is like falling out of a window - literally.