Russia's Presidential Election

Robert Hsu, December 19, 2007

It seems that Russia's popular President Vladimir Putin has no intention of stepping down from power when his term expires in 2008. Although Putin formally endorsed First Deputy Prime Minister Dmitry Medvedev to become the next president, early this week, Putin said he agreed to become Russia's prime minister if Medvedev is elected president in March. This would allow Putin to continue to stay at the center of decision-making after leaving the Kremlin. Global investors will welcome Putin's involvement as a sign of political continuity.

I am positive about Russian equities in 2008. Russia's economy has diversified, going beyond oil and gas names, and internal consumption is booming as average Russians has more money in their pockets. Want to know about my top Russian picks? Join Asia Edge today!

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