Putin’s greatest popularity in Russia is associated with an impressive revival of the Russian economy during his reign. Since he came to power in 2001, the gross domestic product of the country has grown six times, significantly increasing the level of wealth of the Russian middle class. However, this growth was mostly due to oil and gas exports to neighbouring countries. Currently, the price of oil has fallen, "bite" and economic sanctions. The ruble lost almost half of its value against the dollar last year, and the economy began to decline; Putin accounts for 25-30% of current economic difficulties with sanctions. Many “Westerners” believe that a long recession will weaken Putin’s support, but since he has the opportunity to blame “outsiders” for the economic problems, he can strengthen his power and speed up the process of authoritarian rule.
Click Follow to receive emails when this author adds content on Bublish