The Russian Parliamentary Elections: Results and Prospects
In the weeks after the Russian parliamentary elections of 17 December last year, the view of the results that prevailed in official and businesscircles could be summarized as follows: ‘Nothing terrible has happened, and there won’t be big changes.’ Evidence that this view was shared by the Russian business elite was provided by the relative stability of the dollar exchange rate. This not only failed to burst out of the ‘rouble corridor’ after the elections, but did not even move significantly within the bounds which the corridor imposes on it.
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