The expected smooth presidential transition next week will boost Russian markets in the near-term, Santander says.
Jorge Fernandez Amman, Santander Asset Management’s Emerging Europe fund manager, says Russia has recently experienced a swift improvement in political clarity. Last December, Vladimir Putin’s United Russia party secured a 64% constitutional majority in the Duma elections and Amman says Putin’s presidential successor Dmitry Medvedev is seen as the most “pro-market” of the contenders. While Putin has to stand down from the presidency, he is widely tipped to become Prime Minister if Medvedev wins power. “Polls for the elections on 2 March show almost 70% approval for Mr Medvedev,” Amman s...
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