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ALACO DISPATCHES: Why Russia’s elections may derail Putin’s biggest critic

Question: Are Sobchak and Navalny the only opposing Putin in the election? And how large is the popular support for these candidates (estimated)?

Answers: Thank you for your question. Up to now Alexei Navalny and Xenia Sobchak are the only ones to announce the intention to run for president in 2018. Their poll numbers are negligible at 1-2% and they both are still to comply with the red tape required to register a candidate. Navalny also has a criminal conviction in the Kirovles corruption case that might deter him from the race.  On November 20 Interfax reported that veteran ultranationalist politician Vladimir Zhirinovsky of the Liberal Democratic Party of Russia (LDPR) will be running for president for the sixth time. The leader of the Communist Party of Russia (KPRF) Gennady Zyuganov was also planning to run, according to unconfirmed reports. Their poll numbers are at about 3%. It must be noted that Vladimir Putin, whose approval ratings have been record-high at over 80%, has yet to announce that he will be running for president in 2018, whether as a candidate of the ruling United Russia party, as an independent candidate, or in some other quality. In the highly likely outcome of Vladimir Putin running for president, the greatest other threat to his re-election is perhaps public apathy or indecisiveness, with recent polls showing that over 40% of Russian don’t know who to vote for, or whether they would vote at all. Best, bne IntelliNews team

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Owners of collapsed lender Binbank transfer assets worth RUB70bn to CBR

October 30, 2017

Owners of the collapsed lender Binbank are transferring assets worth around RUB70bn ($1.2bn) to the Central Bank of Russia (CBR), partly to cover a hole in the bank's finances, Vedomosti ...

Ukraine seeks to secure gas compromise with IMF to avoid price rises

October 30, 2017

Ukraine will resolve the gas price formula issue with the International Monetary Fund (IMF) within the next two weeks, the country's Finance Minister Oleksandr Danylyuk told reporters at a ...

Ukraine president and US envoy discuss withdrawal of Russian forces from Ukraine's Donbas

October 30, 2017

The withdrawl of Russian forces in the Ukraine's rebel-controlled Donbas region was discussed at a meeting between Ukrainian President Petro Poroshenko and the US special representative to Ukraine ...

ADB to allocate $5bn for Central Asia Regional Economic Cooperation 2030 programme

October 30, 2017

Central Asia Regional Economic Cooperation (CAREC) ministers from 11 member countries on October 27 unanimously endorsed CAREC 2030, a new Asian Development Bank-supported ...

Russian oil firm Rosneft alleged to have poured money into CBOM Bank

October 29, 2017

Russian oil major Rosneft is one of the main investors in Credit Bank of Moscow (CBOM), according to a report by Russian daily Vedomosti. ...

Polish billionaire seeks full control and delisting of chemical corp Synthos

October 29, 2017

Polish billionaire investor Michal Solowow announced a tender offer for all shares of chemical company Synthos that he does not control, FTF Galleon, Synthos’ major shareholder, said late on ...

Citizens to get "same information as MPs" as Albania launches new e-governance app

October 29, 2017

Albanian Prime Minister Edi Rama presented a new online platform for co-governance with citizens entitled “Albania We Want” on October 28. Ensuring functional and responsible ...

Hungary has lots of catching up to do, central bank's competitiveness report shows

October 28, 2017

Hungary's central bank, the Magyar Nemzeti Bank (MNB), released its Competitiveness Report on October 27, providing a comprehensive and objective picture of Hungary’s competitiveness ...

Council of Europe warns Azerbaijan of legal proceedings over jailed opposition figure

October 27, 2017

The Council of Europe, the European human rights organisation, has notified the government of Azerbaijan of its intention to launch "unprecedented" legal proceedings against the country for ignoring ...

Danish investment agency pulls $62mn funding from Armenian copper mine on environmental grounds

October 27, 2017

PensionDanmark, a Danish investment agency, has decided to withdraw a $62mn investment in Armenia's second largest copper mine because its owner failed to comply with environmental standards, the ...

Ukraine's central bank expects new IMF tranche in first quarter of 2018

October 27, 2017

Ukraine expects to get a new loan tranche from the International Monetary Fund (IMF)'s $17.5bn support package in the first quarter of 2018, the National Bank of Ukraine (NBU) said in a ...

Bulgarian populist politician Mareshki to seek referendum on presidential republic

October 27, 2017

The leader of Bulgaria’s populist party Volya Vesselin Mareshki said that will initiate procedure for holding ...

Bulgarian MPs draft changes to bank insolvency law aiming to reveal robbers of Corpbank

October 26, 2017

Controversial Bulgarian businessman and MP Delyan Peevski and two other MPs tabled draft amendments to the banks insolvency law to the parliament on October 26, claiming that if adopted ...

Failing lenders rescued by Russia's central bank cost RUB458.3bn

October 26, 2017

Ailing Russian lenders that are being rescued by the Central Bank of Russia (CBR) through its Banking Sector Consolidation Fund (BSCF), lost nearly RUB458.3bn in July-September, the CBR announced on ...

Labour productivity exceeds growth of labour costs in Estonia in H1

October 26, 2017

Labour productivity increased faster than the growth of labour costs in the Estonian business sector in the first half of the year, Eesti Pank (The Bank of Estonia) announced on October 25. ...

Moldova cuts monetary policy rate by 50bp to 7%, announces further cuts

October 26, 2017

Moldova’s central bank cut the policy interest rate by 50bp to 7% at its October 25 monetary policy board meeting. The central bank also made it clear that further rate cuts will follow, since the ...

Mongolia releases official price guidance for new $650mn bond offering

October 26, 2017

The government of Mongolia on October 26 officially launched a $650mn bond offering by releasing its price guidance. The five and a half year bond is expected to price at ...

Credit Bank of Moscow completes SPO

October 26, 2017

Credit Bank of Moscow (CBOM), one of the so-called Garden Ring banks, raised RUB14.4bn in a ...

Russia's Central Bank to cut key interest rate by 25-50bp on October 27

October 26, 2017

The Central Bank of Russia (CBR) is expected to resume the cautious monetary easing cycle and cut the key interest rate by 25-50bp on the next meeting of the board of directors on October 27. The ...

Irish business delegation to visit Iran for first time in more than quarter century

October 25, 2017

For the first time in more than 25 years, an Irish business delegation is to visit Tehran. The delegates, travelling under the banner of government agency Enterprise Ireland, will arrive on November ...

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