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Putin Secures Record Support in Highly Predictable Election Win

RUSSIA
  • Any direct conflict between Russia and the US-led NATO alliance would be “one step away from a full-scale third world war,” Putin told supporters in Moscow late Sunday following an unsurprising election win. Preliminary results showed him with 87.2% support, exceeding his previous record of 77% in the 2018 elections.
  • However, lines had formed at noon outside some polling stations after allies of late opposition leader Alexey Navalny called for protests of Putin’s election by arriving at that time. Putin said the protests had no effect, and that people who spoiled ballot papers should face criminal punishment.
  • Separately, the European Commission intends to cut imports of LNG from Russia this year, despite the fact that Russia remains the EU’s second largest supplier after the US, Kommersant report. The newspaper add that it will be difficult for the EU to find an alternative to Russian LNG, as lower gas prices have increased demand in Asia.
  • The CBR rate decision is the key event of the week on Friday. Consensus is unanimous among sell-side for the Board to leave rates unchanged at 16%. The Bank of Russia will publish a report on inflation expectations later today.
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

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