Morgan Stanley
Global News
All IBTimes
Global News

Putin signals he intends to stay in charge of Russia

By Lynn Berry
Font Scale:
Posted 09 May 2008 @ 03:45 pm HKT

While quietly laying the groundwork for expanding the scope of the prime minister's office, Putin has firmed up his position by becoming chairman of the Kremlin's dominant political party, which gives him control over parliament and strong leverage over regional leaders.

Members of that party still have Putin's portrait in their offices.

Putin has said he feels no need to hang the portrait of Russia's new president in his office in a traditional sign of respect. Other government officials will hang a picture of Medvedev and have to decide whether to take down Putin. Many are expected to hedge their bets by displaying both.

Aluminum magnate Oleg Deripaska, whom Forbes magazine calls Russia's richest man, said recently that it is clear Putin remains in charge. "In Russia, in our culture we need to have a leader," Deripaska said at a lunch with foreign journalists.

With Putin in control, Deripaska said there is no risk of political instability. "There is no chance for any intrigue. Don't bet on it," he said.

Putin and Medvedev, who have worked together since the early 1990s, stress their friendship and full agreement on Russia's course.

But Putin seems to be taking no chances that Medvedev will turn against him. His party has a 70 percent majority, which gives it the power to change the constitution, block legislation or impeach the president.

As prime minister, Putin will control the budget and oversee gigantic state corporations, including Gazprom, the world's largest natural gas producer. These corporations, staffed with Putin loyalists, have allowed Russia to reassert its global might.

Both men have said Medvedev will set foreign policy.

Boris Makarenko, an analyst with the Center for Political Technologies, said there will be no need to amend the constitution, which in spelling out the powers of the president and prime minister leaves room for interpretation. "The gray areas will be shared differently than they are now," he was quoted in Vremya Novostei as saying.

IBTimes RSS
E-Newsletters : Enter your Email for Fast News & Opinions