Russia Moves Quickly to Make Putin's New Vision a Reality
Added 01-16-20 08:04:02am EST - “(Bloomberg) -- Vladimir Putin's new prime minister pledged to work with business and overhaul the cabinet after a surprise shakeup that may enable the president to extend his 20-year rule.Mikhail Mishustin won a confirmation vote…” - Finance.yahoo.com
CLICK TO SHARE
(Bloomberg) -- Vladimir Putin’s new prime minister pledged to work with business and overhaul the cabinet after a surprise shakeup that may enable the president to extend his 20-year rule.
Mikhail Mishustin won a confirmation vote in the lower house of parliament Thursday with 383 of the State Duma’s 450 lawmakers voting in favor. Putin had moved quickly to nominate the former tax chief after the departure of his long-serving prime minister on Wednesday.
“To ensure further growth of GDP, first of all we must stimulate investment, that’s very important,” Mishustin said in the Duma ahead of the vote. The government should “restore the trust lost between the authorities and business and talk seriously about reducing costs and excess pressure.”
Putin’s proposed amendments include granting more powers to the parliament and another body called the State Council, while the presidency would see its sweeping authority reduced somewhat. The changes could allow the Russian leader, who faces a constitutional ban on running again when his current term ends in 2024, to retain power in another role.
Dmitry Medvedev, one Putin’s longest-serving lieutenants, tendered the resignation of his government after the speech, saying that the president needed a new team to implement his vision. Removing Medvedev, widely blamed for lackluster economic performance and stagnant living standards in recent years, could help the Kremlin boost public support. An increase in government spending set for this year is expected to accelerate sputtering growth.
If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.
CLICK TO SHARE