New PM, New President - So a New Russia?
Putin sworn in as new PM of Russia a day after Dmitry Medvedev took over as its president. He has vowed to put a check on inflation & bring back the good ol’ glory days of Russia. Putin wants to bring down the inflation to single digit. The west has criticized the power transfer in Russia with Putin still able to call the shots. The new president doesnt have backgrounds of Kremlin & will have to walk a tight rope. There is also speculation that Putin may return to power after a gap of 4 years. During Putin’s rule, Russian economic conditions improved a lot with the Petro dollars. The Russia has made a wonderful comeback in the global political & economic landscape. It has also emerged as a top destination for Luxury markets.