The most important part of President Vladimir Putin's message to the Federal Assembly on January 15 was not social and demographic, but constitutional. Putin said that Russia's constitution remains relevant, but proposed some important amendments. Political changes were not only limited to the constitution, but the Russian government has also been radically renewed. I see more negative aspects for investors than positive ones, as the Russian authorities once again showed that they are not interested in creating a law-based state with a competitive free-market economy.
(Photo: Shamil Zhumatov / Reuters)
The New Old Constitution
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