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POLITICAL AND ECONOMIC RESULTS OF NOVEMBER 2014

Sergey Zhavoronkov

Russian Economic Development, 2014, issue 12, 2-5

Abstract: In November 2014, Vladimir Putin declared that he had no intentions to become Russia’s president-for-life. In spite of Putin’s assurances, this public statement has inevitably sent an alarming signal to society. In November 2014, a court of justice seized the company Bashneft from Vladimir Yevtushenkov’s AFK Sistema, justifying its decision by the claim that twenty years ago Bashneft had been wrongfully classifi ed not as Russia’s property, but as property of the Republic of Bashkortostan. Mr. Yevtushenkov, charged with ‘legalizing illegally acquired property’, remains under house arrest. As a result, the investment climate in Russia has signifi cantly deteriorated. Moreover, privatization of any major state-owned assets has become impossible – at least for the time being. The RF Government is using every opportunity to increase taxes, including the introduction of trade levies, and the abolition of tax deductions. November 2014 saw a series of mass rallies of doctors, protesting against the planned personnel cuts.

Keywords: THE; POLITICAL; AND; ECONOMIC; RESULTS (search for similar items in EconPapers)
JEL-codes: D73 D74 K0 K1 K4 (search for similar items in EconPapers)
Date: 2014
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