Dropped in on a whim. I think I've mentioned on this site at least one other time that my personal response to this entire Russian quagmire has been to spend significant amounts of time teaching myself Russian (although I ended up caving and hiring a private tutor, because that **** is hard) and reading Russian literature and history to get a sense of who it is that we are at a renewed cold war with.
There is very little doubt in my mind that the decision yesterday not to implement sanctions, and further to scuttle the process of actually compiling a useable list of sanctionable individuals, was a direct personal favor from the President to Putin. To understand Russia's political system, you need to wrap your head around the concept that they have a managed Democracy that features features of a Western Democratic process but serves entirely different political ends. Russia's leaders maintain power by consolidating support among a designated economic elite, who in turn allow the state to retain fundamental control over who has the right to exploit the country's resources. In a way, the Russian "oligarchs" are sort of like feudal lords that have the capacity, collectively, to overturn the power of a king. Putin is functionally an absolute leader, but does rely heavily on the consent of the oligarchy to retain control.
I read some Russian-published news sources with regularity, and the publication of the "Putin list" that was supposed to accompany these sanctions was a really hot button topic in Russia. This was going to the heart of the support structure that Putin needs to retain control, and could have placed several of these oligarchs in the position of needing regime change in order to unlock their wealth abroad. It would have really messed with the true power structure in Russian society in a way that merely naming all the people in the Duma does not.
News stories in Russian were being published about individuals and industrialists bringing cash back into Russia because they were terrified of ending up on this Putin list and being severed from their money overseas. The US ambassador to Russia, Jon Huntsman Jr., did an interview with a leading security publication that focuses on Russia and Eastern European issues and caters to a largely Russian audience. Most of the questions were about sanctions. Half of the interview were specifically about these sanctions.
http://www.interfax.com/interview.asp?id=806172
It is impossible to overstate how much Russia, and specifically Putin, wanted this to just go away. It's a much bigger favor to Putin, and the oligarchs he relies on to maintain power, than even most Trump critics realize.
До скоро!