Presidential Transition Begins In Russia. Should Investors Worry?
(3 min read)
During his annual address to the National Assembly on Wednesday, President Vladimir Putin dropped a bombshell. Halfway through his speech, he announced a constitutional reform reallocating some of the presidential powers to the parliament and other institutions. Later in the day, the cabinet led by Dmitry Medvedev resigned. Putin announced the Head of State Tax Service Mikhail Mishustin as his nominee for the Prime Minister’s position.
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