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A touch on the tiller

Overview

President Putin's long-term plan for Russia's political system has become clear - and it looks good for the country risk.

Putin is introducing limited open political competition in the form of a two-party system under Kremlin supervision. What matters for now is not so much the long-term outcome of this project, though if it did succeed (which it has a reasonable chance of doing) it would remove the risk of destabilisation inherent in the present political system. We are...

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