Thursday, 21 May 2009

Russia's deal

Good piece about how Russia operates at the top.

'Yurgens outlined Putin's thinking and what he described as his "gentleman's agreement" with Medvedev thus:

'OK Dmitry. If you can make it, make it. I will be firmly behind you with all the siloviki whom I control...and in four years, if everything goes all right we will find a solution for me and you carry on. Go, go.'

...

'If Chinese growth is 8 percent, oil is at $60 a barrel, the global financial system starts working and credit lines are unblocked, then I think we are probably all right,' he said.

'If not, then there will be very special measures.'

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