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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.
RUSSIA
- One of the key metrics to watch during the Ukrainian crisis is the domestic approval of President Vladimir Putin. The Russia president has suffered several periods of low approval during his time in the Kremlin and often his low approval has been overcome by aggressive or nationalist foreign policy.
- Chart 1 shows the ‘Crimea bounce’ in 2014 when Russia annexed Crimea. Putin’s domestic approval collapsed during the first Covid-19 wave in 2020 and some analysts have suggested that the current Ukraine crisis may be designed to recover domestic support for his regime.
- The latest data from the Levada Centre shows that there hasn’t been a bounce like 2014 but there are signs that the Ukraine crisis might be bolstering the regime. The next batch of data from the Levada Centre next month will show if the upward trend continues.
- If Putin's approval continues to rise then he may have achieved one of his goals and it might provide an offramp to de-escalate the crisis. Following the annexation of Crimea Putin partially de-escalated Russian involvement in Donbas and committed to the Minsk accords.
Putin Approval RatingLevada Center
Putin Monthly 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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