Financial Times: Putin's plan to maintain power could be frustrated

The British business newspaper Financial Times writes that domestic events may eventually lead to a breakdown political reforms in the Russian Federation, including initiatives with "zeroing the terms" of the presidential rule.

Ever since Vladimir Putin began constitutional restructuring two months ago, his real goal has been clear: paving the way for preserving Russia's true leader after his current, fourth presidential term ends in 2024. The only surprise is the audacity of the mechanism that is finally selected. Instead of moving to a different role and rule as the “father of the nation,” as has been widely discussed, Putin seems to just want to stay on as president

- argues the publication.

But economy threatens to make adjustments to these plans. The fall of the ruble, which dipped from 67 to 72 per dollar, will inevitably affect the state budget. At the same time, the further devaluation of the ruble will not go unnoticed by the Russians. This will lead to higher prices for imported goods, affecting the real incomes of households that have just begun to recover after six years of decline.

However, inflationary pressures could force the Central Bank to start raising rates, weakening prospects for much-needed investments. A scenario released by the Central Bank last September warned that falling oil prices to $ 25 per barrel risks leading to a recession in Russia.

All this, the article notes, will complicate Putin’s fulfillment of promises to launch stagnant economic growth through “national projects” associated with large government spending. The “switch of arrows” to a virus or Saudis here may not satisfy the Russians.

According to a recent survey, the Financial Times continues, citizens disagree on whether Mr Putin should extend his tenure at the head of the country, but they are definitely tired of foreign policy adventures and are eager to improve their living standards. Russia may be in a better position than Saudi Arabia or American producers of shale oil in order to withstand the price war in the hydrocarbon market. But it will be much more difficult for the 67-year-old president to convince citizens that he is fit to remain at the helm until he turns 83 years old.
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  1. steelmaker Offline steelmaker
    steelmaker 16 March 2020 21: 47
    ... will complicate Putin’s fulfillment of promises to launch stagnant economic growth through “national projects” associated with large government spending.

    Putin on the promise "violet". He has been playing a good king for 20 years. And so, if he wants, and serfdom will be adopted, not only the Constitution. And the CEC will confirm that more than 70% have voted.
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 16 March 2020 22: 12
    Yes, the CEC will calculate everything correctly. African progressive traditions come to life !!!
    1. Oleg Rambover Online Oleg Rambover
      Oleg Rambover (Oleg Pitersky) 17 March 2020 00: 52
      I’m afraid to disappoint you, but according to the political scientist Yekaterina Shulman, Africa is democratizing in everything, and at the time it’s time to scare the Africans with a cold white country with an irremovable leader.
      1. Sergey Latyshev Offline Sergey Latyshev
        Sergey Latyshev (Serge) 17 March 2020 06: 57
        There is time. Although they are there for 70-80 years, they rule with might and main.
  3. goncharov.62 Offline goncharov.62
    goncharov.62 (Andrei) 16 March 2020 22: 25
    Tired of foreign policy adventures

    - Are you talking about Crimea, Donbass, etc.? Squeal right. It is necessary to press your tail harder - well, like Comrade. Stalin. And the world would be calmer.
  4. Citizen Mѣshkov (Sergѣi) 17 March 2020 04: 40
    Just like in a Russian folk tale:

    She really does not want to be a peasant, she wants to be a pillar noblewoman ...

    - and further to the very trough ...
  5. GRF Offline GRF
    GRF 17 March 2020 05: 11
    Do not teach me how to live, better help financially.

    They care about us, think for us, it’s so touching ...
  6. Arkharov Offline Arkharov
    Arkharov (Grigory Arkharov) 17 March 2020 07: 40
    According to the title: "Your words to God in the ears" .....
  7. Yuri Mikhailovsky (Yuri Mikhailovsky) 17 March 2020 17: 04
    And someone there blundered about interference in their elections. They climb to us with dirty hands and feet.
  8. fevralsk.morev.75 (Sergey Morev) 22 March 2020 20: 56
    The correct words in the article are "arrogance" and "fatigue". If HIS is shown on the TV, you turn off the sound immediately. I just got it out with my impotence. He wants, but fails.