Follow-ups to a non-surprise
Putin to become United Russia chief, cementing hold on power"Vladimir Putin put the finishing touches to his postretirement formula for retaining power in Russia Tuesday by scooping up the leadership of the country's dominant political party, a position he will hold in addition to being prime minister...
"Russian observers are deeply divided over the consequences of Putin's move... Russia's historical experience with divided power has been an unhappy one, but many experts believe the close personal ties and complementary skills of Putin and Mr. Medvedev may produce a stable political synergy that will enable much-needed economic reforms and anticorruption measures.
"Others warn, however, that any future strife between the two men, who represent very different generations and backgrounds, could split Russia's fractious bureaucracy and paralyze the work of government..."
And one big issue Putin and Medvedev will have to face:
'Threat' to future of Russia oil
"The future supply of Russian oil is threatened by a likely decline in production levels, one of the country's top oil executives has warned."Lukoil's Leonid Fedun said $1 trillion would have to be spent on developing new reserves if current output levels were to be maintained...
"Once highly-productive fields in Siberia are slowly being exhausted and the huge cost of searching for oil in the untapped but remote region of eastern Siberia has deterred firms...
"Russian worries underline longstanding concerns about whether there is enough oil to meet the needs of the global economy, particularly fast-growing China and India.
"They are also a particular cause of concern for several of Europe's largest economies, such as Germany, which buy a large share of their oil from Russia..."
Labels: economics, leadership, politics, Russia
posted by Ken Wedding @ 7:18 AM
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