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Putin’s return to power could strain ‘reset’ with West
Question of the Day
While all this was judged to be the start of Mr. Putin’s push for the presidency, the timing of the announcement came as somewhat of a surprise. Most analysts had predicted that he would announce his decision to run after December’s parliamentary elections.
Analysts have suggested a looming economic crisis — the ruble fell to its lowest rate against the dollar in two years last week — forced Mr. Putin’s hand as he looked to assure ordinary Russians and foreign investors that the country is in safe hands.
“Many foreign investors really hoped that Dmitry Medvedev would stand for a second term,” said Yulia Bushuyeva, managing director of the Moscow-based Arbat Capital investment fund. “They associate Medvedev with modernization, reforms and the fight against corruption.
“Putin’s return signals that there is no point in expecting large reforms for potentially the next 12 years,” she added.
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