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Recent Russia research
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The Putin-Medvedev tandem at mid-term
The start of a pre-election year in Russia has intensified speculation about the future of the country’s dual leadership or “tandem” as it is often called. A widespread view regards personal ambitions and bureaucratic clan rivalries as likely to destabilize this construct, damaging Russian markets’ outperformance potential based on the relative cheapness of present valuations. To assess both this negative risk and the upside political risk stemming from the tandem’s potential for...