Meanwhile, Russiatoday is more dependent onoilandgasthan it has ever been, arguesChrisWeafer, a long-time Russia watcher and chief strategist at Uralsib, a bank.
Chris Weafer, chief strategist at Russian investment bank Uralsib, believes that Norilsk Nickel is one of the companies the state would love to add to "its list of national champions".
For Mr Putin, predicts Chris Weafer of Alfa Bank in Moscow, putting his loyalists on the boards of firms such as Rosneft is only a prelude to ensuring that these firms become the undisputed champions in their industries.