MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Patrushev Becomes Putin Aide, Bolstering Administrative Ranks

RUSSIA
EM BulletHomepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletEmerging Market News

The Kremlin has confirmed that Nikolai Patrushev, until the weekend the secretary of the National Security Council, will become an aide to President Vladimir Putin, alongside Putin's former bodyguard and Governor of Tula Oblast Alexei Dyumin. Patrushev, seen as a very close ally to Putin and an uber-hawk on foreign policy matters, was shifted from the NSC role to be replaced by outgoing Defence Minister Sergei Shoigu.

  • On Patrushev, the Kremlin states that he will oversee shipbuilding 'and perhaps other areas too', adding that 'shipbuilding is a strategic sector, very big and very difficult'. Dyumin will oversee the defence industry. On Shoigu, Kremlin spox Dmitri Peskov claims that 'he has a wide range of task in his new role that are of great importance to Russia'.
  • Talking up the administrative duties of these newly-appointed aides fits in with the appointment of economist Alexei Belousov as defence minister, with Putin's aim being the sustaining of Russia's war machine.
  • As The Spectator notes, "The defence minister, [...] is essentially an administrator, there to ensure that the military has the men and materiel it needs. [Belousov] is not one of the ultra-nationalist hard-liners, but he has long championed a greater state role in the economy. As Putin’s Russia becomes increasingly built around the invasion of Ukraine and its wider confrontation with the West, with no end in sight, Belousov’s experience will be crucial to making the economy an essentially warfighting one."
237 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The Kremlin has confirmed that Nikolai Patrushev, until the weekend the secretary of the National Security Council, will become an aide to President Vladimir Putin, alongside Putin's former bodyguard and Governor of Tula Oblast Alexei Dyumin. Patrushev, seen as a very close ally to Putin and an uber-hawk on foreign policy matters, was shifted from the NSC role to be replaced by outgoing Defence Minister Sergei Shoigu.

  • On Patrushev, the Kremlin states that he will oversee shipbuilding 'and perhaps other areas too', adding that 'shipbuilding is a strategic sector, very big and very difficult'. Dyumin will oversee the defence industry. On Shoigu, Kremlin spox Dmitri Peskov claims that 'he has a wide range of task in his new role that are of great importance to Russia'.
  • Talking up the administrative duties of these newly-appointed aides fits in with the appointment of economist Alexei Belousov as defence minister, with Putin's aim being the sustaining of Russia's war machine.
  • As The Spectator notes, "The defence minister, [...] is essentially an administrator, there to ensure that the military has the men and materiel it needs. [Belousov] is not one of the ultra-nationalist hard-liners, but he has long championed a greater state role in the economy. As Putin’s Russia becomes increasingly built around the invasion of Ukraine and its wider confrontation with the West, with no end in sight, Belousov’s experience will be crucial to making the economy an essentially warfighting one."