Russia's finance chief rebels over Putin

2011-09-25 22:33

kalahari.com

Washington - Russia's finance minister rebelled on Sunday against Vladimir Putin's plan to make President Dmitry Medvedev his prime minister if he returns to the Kremlin by saying he would not serve in the next government.

Foreign investors were alarmed by Alexei Kudrin's snub after Putin announced he would run for president next March in an election that could extend his rule until 2024.

Kudrin, a Putin ally, has prime ministerial ambitions and said he had "disagreements" with Medvedev who could now struggle to establish his credibility as premier after being forced by Putin to renounce his dream of a second term as president.

"I do not see myself in a new government," Kudrin, 50, said in comments released in Washington, where he was meeting global policymakers.

"I think that the disagreements I have (with Medvedev) will not allow me to join this government."

Kudrin won the respect of investors as a guardian of financial stability by saving windfall oil revenues for a rainy-day fund which helped Russia through the 2008 global economic crisis.

"He is as close to Putin as Medvedev. Perhaps this is a bid for the role of prime minister," said Roland Nash, chief strategist at Verno Capital hedge fund.

Chris Weafer, chief strategist at Troika Dialog brokerage, said Putin liked both Medvedev and Kudrin but "will have to make a choice between which of the two he needs more".

Opposition

Putin and Medvedev have ruled the world's largest country in a power 'tandem' since Putin had to yield the presidency in 2008 after serving the maximum two consecutive terms.

Putin, 58, won a standing ovation by accepting a proposal by Medvedev to return as president at a choreographed congress of the ruling United Russia party on Saturday.

Medvedev, 46, agreed to lead United Russia's list of candidates for a parliamentary election on December 4 in a move intended to help the party retain a two-thirds majority in the lower house and prepare him to become premier.

Putin looks certain to be elected president in March even though some Russians regard the proposed job swap by Putin and Medvedev with mistrust.

Despite such criticism, opinion polls show other potential presidential candidates, such as nationalist Vladimir Zhirinovsky or Communist Gennady Zyuganov, have little support and liberal opposition leaders have only limited appeal.

Although Medvedev's personal ratings are high, the strength of his prime ministerial credentials is unclear after he failed to carry through many of his reform promises as president.


Read more on:    russia
NEXT ON NEWS24X

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
 

ANC set for two-thirds majority - poll

The ANC is on course to win nearly a two-thirds majority in 7 May elections, a poll has showed, confounding analysts who had predicted a fall in support for the ruling party.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters
 
Traffic
Lottery
 
  • Thursday Sir Lowry's Pass - 05:35 AM
    Road name: Old Sir Lowrys Pass Road
    TRAFFIC LIGHTS not working at Bezweni Road
  • Thursday Cape Town - 05:35 AM
    Road name: Buitengracht Street
    TRAFFIC LIGHTS not working at Waterkant Street
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Curve 3G 9300

Keep it together Text. Email. Social. With all the different ways to...

From R1399.00

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be good at organising events but they do take their toll on your energy levels. You may need some time out today just to...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.