Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Green Business
Legal
Deals
Earnings
Summits
Business Video
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
Afghan Journal
Africa Journal
India Insight
Global News Journal
Pakistan: Now or Never?
World Video
Politics
Politics Home
Front Row Washington
Politics Video
Technology
Technology Home
MediaFile
Science
Tech Video
Opinion
Opinion Home
Chrystia Freeland
Felix Salmon
Jack Shafer
Breakingviews
George Chen
Bernd Debusmann
Gregg Easterbrook
James Pethokoukis
James Saft
John Wasik
Christopher Whalen
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
The Great Debate
Unstructured Finance
Newsmaker
MuniLand
Money
Money Home
Analyst Research
Global Investing
MuniLand
Reuters Money
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Life & Culture
Health
Sports
Arts
Faithworld
Business Traveler
Left Field
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Article
Comments (0)
Slideshow
Video
Full Focus
Photos of the week
Our top photos from the past week. Full Article
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Cain upsets Perry in Florida Republican straw poll
24 Sep 2011
UPDATE 1-Particles found to break speed of light
22 Sep 2011
Prosecutors demand life in jail for Amanda Knox
24 Sep 2011
Pope meets abuse victims during German trip
|
23 Sep 2011
Cain upsets Perry in Florida Republican straw poll
24 Sep 2011
Discussed
144
Obama to propose $3 trillion in deficit cuts
93
Particles recorded moving faster than light: CERN
89
House unexpectedly defeats spending bill
Watched
Human skin strengthened with spider silk can stop a bullet
Tue, Sep 20 2011
Amateur video captures satellite falling to earth
Fri, Sep 23 2011
Particles break the speed of light
Fri, Sep 23 2011
Russia's Putin to seek presidency, finance chief to go
Tweet
Share this
Email
Print
Factboxes
Who is Vladimir Putin?
Sat, Sep 24 2011
Russia's Dmitry Medvedev
Sat, Sep 24 2011
Related News
Kudrin rules out role in Russia's next government
1:13am EDT
Analysts' view: Putin to return to the Kremlin
Sat, Sep 24 2011
Timeline: Highs, lows of Putin-Medvedev double act
Sat, Sep 24 2011
Putin's Kremlin shuffle no surprise for Russians
Sat, Sep 24 2011
Putin's Kremlin shuffle no surprise for Russians
Sat, Sep 24 2011
Analysis & Opinion
The US elections and pandering to Israel
Advani’s “withdrawal” may come back to haunt BJP
Related Topics
World »
Russia »
Related Video
Putin to return as Russian president
Sat, Sep 24 2011
1 of 6. Russia's President Dmitry Medvedev (R) and Prime Minister Vladimir Putin walk along tha stage to address the audience during the United Russia congress in Moscow September 24, 2011.
Credit: Reuters/Denis Sinyakov
By Timothy Heritage and Lidia Kelly
MOSCOW/WASHINGTON |
Sun Sep 25, 2011 3:15am EDT
MOSCOW/WASHINGTON (Reuters) - Russia's finance minister announced on Sunday he would step down next year if President Dmitry Medvedev becomes prime minister following Vladimir Putin's expected return to the presidency.
Prime Minister Putin said on Saturday he would reclaim the presidency in an election next March that could open the way for the former KGB spy to rule until 2024.
But in comments likely to worry foreign investors who have praised his guardianship of Russia's economy, Finance Minister Alexei Kudrin made clear he was unhappy with Putin's decision to ask Medvedev to be prime minister after the election.
"I do not see myself in a new government," Kudrin, 50, said in comments released in Washington, where he was meeting global policymakers.
"The point is not that nobody has offered me the job; I think that the disagreements I have (with Medvedev) will not allow me to join this government."
Kudrin, who has hinted he would like to be prime minister, has won the respect of investors by saving windfall oil revenues for a rainy-day fund which helped Russia through the 2008 global economic crisis.
Putin's decision to return to the post he held from 2000 to 2008 is also likely to cause some nervousness in the West, where he is considered less liberal than Medvedev and more outspoken in his criticism of Western policies.
Washington said it expected to keep making progress in the "reset" toward better relations with Moscow, whoever was the next Russian president.
But many in the West are wary, and economists fear economic stagnation under Putin.
"This (announcement) shows that Russia is far away from open, democratic competition for the presidency," said Ruprecht Polenz, chairman of the foreign affairs committee in the German Bundestag, the lower house of parliament.
James Goldgeier, a Russia expert at American University in Washington, said: "There will be a businesslike relationship (between Washington and Moscow), but not a warm one."
POWER-SHARING AGREEMENT
Putin, 58, and Medvedev, 46, have ruled in a power 'tandem' since Putin was forced by the constitution to yield the presidency in 2008 after serving a maximum two consecutive terms.
Putin accepted a proposal by Medvedev to return as president at a carefully choreographed congress of Putin's ruling United Russia party on Saturday.
"I want to say directly: (Medvedev and I) reached an agreement between ourselves long ago, several years ago, on what to do in the future, on who should do what," Putin said.
Over 11 years in power, Putin has cultivated the image of a vigorous leader and been filmed riding bare-chested on horseback, scuba diving and showing off his judo skills.
His policies -- crushing a Chechen separatist rebellion, taming super-rich businessmen and bringing wayward regions to heel -- have similarly won him popularity among Russians.
But critics say his return to the Kremlin, virtually unopposed, could bring back memories of the economic and political stagnation under Soviet leader Leonid Brezhnev in the 1970s and early 1980s.
"It's a sign of growing stagnation in the Russian political elite and it means that Mr Putin, if elected, can rule for another 12 years until 2024," said Yevgeny Volk, deputy director of the Yeltsin Foundation think tank.
Opinion polls show other potential candidates, such as nationalist Vladimir Zhirinovsky or Communist Gennady Zyuganov, have much less support and Putin will easily be elected. The main liberal opposition leaders such as former prime minister Mikhail Kasyanov have only limited appeal nationwide.
The next president will be elected for six years and is allowed up to two consecutive terms.
PUTIN'S PARTY SEEKS ELECTION BOOST
Putin proposed Medvedev to lead United Russia's list of candidates for a parliamentary election on December 4 as well a become prime minister next year.
The move is intended to help reverse a decline in support for United Russia and boost its hopes of retaining a two-thirds majority in the State Duma lower house.
Investors had been urging that Putin and Medvedev put an end to the political uncertainty that has deterred many from putting money into the $1.5 trillion economy of the world's largest energy producer.
In his previous eight-year spell as president, Putin oversaw an economic boom where household incomes improved on the back of a rise in global oil prices, and his tough talking helped restore Russia's self-confidence on the world stage.
But Putin, who was once a KGB officer in East Germany, is accused by critics of riding roughshod over human rights and democracy, and expanding the power of the security forces.
Many economists say his return to the Kremlin makes it less likely that Russia will carry out pension reforms and reduce Russia's dependency on natural resources. Oil and gas revenues make up half the budget.
Kudrin challenged this view.
"Putin feels (the country's) problems very seriously and reacts to them," he said. "I hope that he will feel it necessary to conduct structural reforms to boost the potential for economic growth."
(Additional reporting by Douglas Busvine in Moscow, Matt Spetalnick in Washington and Andreas Rinke in Berlin)
World
Russia
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Social Stream (What's this?)
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Contact Us
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.