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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.
RUSSIA
The Levada Center's monthly government approval indicators, released today, show a significant rise in domestic support for Vladimir Putin and his government.
- The Levada Center is an internationally respected, and independent, public opinion firm and, although there is no suggestion that the Levada Center data has been compromised, the especially repressive media environment shouldn't be discounted.
- Putin is acutely aware of domestic support. Nationalist and belligerent foreign policy is a tactic used by the Kremlin to bolster support for the regime.
- In the chart below, a significant bounce similar to the 'Crimea bounce' (when Russia annexed Crimea in 2014) can now be observed taking place.
- The Levada Center data may have several implications. The first: Russian people will be likely willing to endure the hardships of Western sanctions making the likelihood of a popular movement to remove Putin remote.
- The second is that the domestic support for Putin is likely strong enough to support a withdrawal from Ukraine without threat to the regime.
- Putin's approval sank to historic lows during the Covid-19 pandemic, if regime support has strengthened Putin will have achieved one of the primary objectives of the war.
President Putin Approval Levada Center
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.
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