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Putin Turns to a Technocrat to Crank Up Russia’s War Machine

From bnnbloomberg.ca

President Vladimir Putin’s surprise late-night shuffle of his defense and security team signals his determination to mobilize Russia’s war economy for a long and intensified conflict in Ukraine against the West. Putin named his former economy aide and First Deputy Prime Minister Andrey Belousov, 65, to be Russia’s new defense minister. Belousov replaces Sergei Shoigu, 68, who’d been defense minister since 2012 and is being transferred to a new role as secretary of Russia’s security council. Nikolai Patrushev, a longtime ally of Putin who had held that post, was dismissed and is due to take another, unspecified job. ... (full story)

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  • Category: Fundamental Analysis