Former President Vladimir Putin, who announced yesterday that he will run again next year, is likely to win. But falling oil prices may create social discontent – and push him to make political reforms.
A bomb disguised as a pack of juice exploded Wednesday evening in the southern Russian city of Stavropol, killing at least 7 and wounding more than 40. Investigators have opened a case under terrorism laws.
The Dagestan suicide bombings on Wednesday were the latest in a spate of attacks that has many in Russia looking to Vladimir Putin, whose reputation was built on tough talk and action against insurgents.
No longer president, he still commands center stage and a high level of trust
But the 25 richest Russians listed by Forbes have lost a combined $230 billion – a possible opportunity for the Kremlin to bolster conservative business allies.
In a controversial bid to gain support, the ruling United Russia party has bolstered its ranks with eight Olympic medalists, a popular singer, and a prima ballerina from the Bolshoi Ballet.
JP Morgan Chase & Co. downgrades Russian stocks as government looks set to nationalize private steel and oil companies.