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Free AccessThe State Duma has unanimously approved......>
RUSSIA: The State Duma has unanimously approved President Vladimir Putin's
constitutional amendments that will transform the nature of the presidency and
allow Putin to retain the reins of power once his term ends in 2024.
- The amendments will allow members of the Duma to appoint the prime minister
and their Cabinet rather than the president. The State Council (an advisory body
to the president) will also receive greater powers going forward.
- Putin is limited to two consecutive terms in office, but it is now likely that
he will take over the role of newly-empowered prime minister or head of the
State Council at the end of his presidency.
- The amendments do, however, see the president retain the power to dismiss the
PM and Cabinet, as well as being the head of the Russian armed forces and
security services.
- They also impose a limit of two terms in total for the president, opposed to
the current system that allows for two consecutive terms.
- The rapidity of the changes - only announced on 15 Jan - has seen opposition
activists decry the amendments as a "constitutional coup".
To read the full story
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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.