Vladimir Putin has repeatedly called on his ministers to introduce measures to counter Russia’s slowdown in economic growth, but with little effect. Oil is a key factor in the nation’s prosperity and prices have fallen significantly in 2013. Corruption means that major infrastructure projects are ineffective and many wealthy Russians believe their money is safer – and more productive - overseas.

THE atmosphere was grim when Russian President Vladimir Putin held a meeting with government ministers in Sochi, the designated site of the 2014 Winter Olympics.

Economic data showed ‘alarming symptoms’ of a slowdown in economic growth, and...

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Professor Stefan Hedlund
Over recent months, Mr Putin has shown increasing frustration over his government’s inability to fulfil the promises of lavish fiscal spending that were made during his 2012 election campaign
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