Putin’s Usual Suspects
Following Russia's sudden governmental shakeup last month, outside observers might have concluded that President Vladimir Putin has positioned his country for faster economic growth, in addition to consolidating his own hold on power. In fact, the new government will be no less corrosive to the economy than the one that preceded it.
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STOCKHOLM – Last month, Russian President Vladimir Putin initiated an overhaul of Russia’s government and constitutional order, indicating that – one way or another – he will remain in power after his term ends in 2024. He has also adjusted his economic policy, on the assumption that more state investment will boost growth. But, here, Putin’s hopes are likely to be dashed.