AP - The departure of Russia's influential finance minister and the impending power swap between President Dmitry Medvedev and Prime Minister Vladimir Putin won't have any immediate impact on Russia's economic policies or its debt rating, Standard & Poor's said Tuesday.
[AP] - The departure of Russia's influential finance minister and the impending power swap between President Dmitry Medvedev and Prime Minister Vladimir Putin won't have any immediate impact won Russia's economic policies or its debt rating, Standard & Poor's said Tuesday.
Michael McFaul, former US ambassador to Moscow, told CNBC that there is "a sense of panic among [Russia's] elites right now" that could lead Russia's President Vladimir Putin to change his government. The Stanford professor suggested that Putin could undertake a surprise reshuffle in an effort to reassure key players in the country that the president is in control of the situation.
Moscow (AFP) - Russia will retaliate against a new round of Western sanctions over Ukraine and may block flights through its airspace, Prime Minister Dmitry Medvedev said in an interview published on Monday.
MOSCOW — Russia’s government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, warning the full effects would be felt next year.
Kudrin — a darling of investors who is credited with building Russia’s $170 billion worth of sovereign wealth funds — added that sanctions over Ukraine, not falling oil prices, were primarily behind the collapse of the rouble and warned that Russia risked seeing its debt downgraded to junk status in 2015.
Russia's sidelined Prime Minister Dmitry Medvedev was mercilessly mocked by bloggers Saturday after apparently falling asleep during the high-octane ceremony to open the Sochi Winter Olympics. Medvedev served as Russian president between 2008 to 2012 but has been a largely marginal figure since moving to prime minster when his mentor Vladimir Putin returned to the Kremlin in 2012.
President Dmitry Medvedev has lost his political influence to a "significant extent" after the announcement of his decision to swap jobs with Prime Minister Vladimir Putin, the country's ex-finance minister said.