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Political And Economic Results Of November 2014

Author

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  • Sergey Zhavoronkov

    (Gaidar Institute for Economic Policy)

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.

Suggested Citation

  • Sergey Zhavoronkov, 2014. "Political And Economic Results Of November 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 2-5, December.
  • Handle: RePEc:gai:recdev:426
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    More about this item

    Keywords

    THE POLITICAL AND ECONOMIC RESULTS;

    JEL classification:

    • K0 - Law and Economics - - General
    • K1 - Law and Economics - - Basic Areas of Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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