Support The Moscow Times!

Medvedev May Cede Job Before Vote

President Dmitry Medvedev may resign before March presidential elections to allow Prime Minister Vladimir Putin to stay in power during his campaign to return to the Kremlin, Otkritie Financial Corporation said.

Putin could avoid stepping down as prime minister during the campaign if Medvedev resigns and Putin becomes acting president, allowing him to retain power until the inauguration in May, Otkritie analysts led by chief economist Vladimir Tikhomirov said in a research note Tuesday, citing Clause 41.2 of the law on presidential elections.

Putin on Dec. 7 submitted his application to stand in the elections and the Central Election Commission has 10 days to officially approve it, Otkritie said. Once that happens, Putin would have three days to resign as prime minister, according to the brokerage, which is partly owned by state-run VTB Group, the country's second-largest lender.

"We expect that in a week's time the Medvedev-Putin ruling tandem will announce another important decision regarding the tactics of the presidential campaign," the analysts said. "Given the elevated level of political activity in Russian society we are witnessing, Vladimir Putin might choose not to part with the levers of power."

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more