Implications Of Medvedev's Recent Assertiveness

Despite increasing signs of a power struggle between President Dmitry Medvedev and Prime Minister Vladimir Putin, we maintain that the latter will ultimately have the final word in picking Russia's next president. The recent order by Medvedev to remove cabinet ministers from the boards of Russian state-owned firms is a sign that the president is looking to assert his political power over Putin allies and present himself as a strong candidate for change and modernisation in Russia. Nevertheless, the recent push to assert political control could end up hurting Medvedev's chances, since a complete overhaul of corporate governance of state firms remains highly unlikely, in our view.

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