by arnold » 07 Mar 2009, 06:00
Russia has been hit hard by the global crisis, with the stockmarket down almost 80% from its peak, and the rouble sliding fast. Russia's top 10 billionaires alone lost an estimated $150bn last year. Russia's financial crisis is beginning to destabilise the delicate Kremlin power balance, with a struggle between rival clans eroding Vladimir Putin's authority and aggravating his relationship with his protege, President Dmitry Medvedev. What would be the steps done to make things better?