Putin’s power is as slippery as the oil price

Vladimir Putin has passed the hurdle of elections with enough support to win him a third term as president. But political uncertainty in Russia did not end with the close of ballots on Sunday. The oil price will have to remain high for him to remain in power.

  • 06 Mar 2012
The markets responded well to Vladimir Putin winning Russia’s presidential elections on Sunday, with equity and bond investors scrambling to pile on Russian risk. They equated Putin’s 64% victory with future political and economic stability. But with the breakeven oil price soaring, these assumptions are far from secure. ...

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All International Bonds

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