
Vladimir Putin with his successor to the presidency Dmitry Medvedev. Now Putin will stand for president again
On this overcast morning in Moscow there is one prevailing feeling about the place: a sense of normality. It is over a week since Prime Minister Vladimir Putin announced his candidacy for next year’s presidential election, but to walk around the city, you would never guess it. There are no mass protests, no banner headlines proclaiming the end of democracy, nothing indeed to let an outsider know that anything of significance has occurred.
In fact, the main element of surprise about Putin’s announcement was the timing. Until this weekend, it was generally anticipated that his candidacy would be confirmed after December’s parliamentary elections. If it is an attempt to bring the timetable forward, it suggests that the Putin’s party, United Russia, is perhaps more concerned about its prospects than has been appreciated


Tomas Hirst
Note: The $80 per barrel figure relates to the WTI price. Brent crude is currently trading around $99 per barrel but trending downwards.