In the two months between Vladimir Putin’s virtually assured victory on March 18 and the presentation of the new government in mid-May, Russia’s president will need to address three very different economic proposals. He’ll need to oversee enough change to satisfy the public without alienating an elite that has done exceedingly well through corruption and insider access.
On March 18, a significant number of Russian voters will go to the polls with mixed feelings. On the one hand, they want to vote for Putin—at least out of habit—but they are not very happy with the idea that Putin’s reelection means nothing will change in their lives for the subsequent six years. On the other hand, they are afraid to vote against Putin because they think that without him everything will come crashing down in Russia.
Russians are growing frustrated with poor healthcare, underfunded schools, and increasing poverty, a recent poll shows. As President Vladimir Putin prepares for his fourth term, he is making promises and boosting pensions. But he has a mixed record delivering enduring social goods. And in the past, benefits like pensions were often reversed soon after the vote.