Putin’s grip on power is slipping

The Russian president had been looking forward to a spring of triumphs, including a new constitution that strengthens his hand. Now he faces multiple crises and a fractured elite.

President Vladimir Putin putting on a personal protective suit ©
Putin’s handling of coronavirus could weaken his authority © alamy
(Image credit: President Vladimir Putin putting on a personal protective suit ©)

What’s happened?

Russia’s president Vladimir Putin announced this week that a key constitutional referendum – originally scheduled for 22 April but postponed due to the coronavirus pandemic – will now go ahead on 1 July. The public will vote on a range of reforms that broadly strengthen the powers of the state, make it harder for Putin’s opponents to assume political power, and include a new presidential term limits clause that resets Putin’s own tally of terms to zero. If it passes, it means Putin – who has ruled Russia as president or PM since 1999 – could now remain in power until 2036. To encourage a “yes” vote, the Kremlin’s reforms must be voted on as a single package – one that handily includes some big financial incentives, such as improved minimum-wage guarantees and a constitutional right to pensions that are indexed to inflation.

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Simon Wilson’s first career was in book publishing, as an economics editor at Routledge, and as a publisher of non-fiction at Random House, specialising in popular business and management books. While there, he published Customers.com, a bestselling classic of the early days of e-commerce, and The Money or Your Life: Reuniting Work and Joy, an inspirational book that helped inspire its publisher towards a post-corporate, portfolio life.   

Since 2001, he has been a writer for MoneyWeek, a financial copywriter, and a long-time contributing editor at The Week. Simon also works as an actor and corporate trainer; current and past clients include investment banks, the Bank of England, the UK government, several Magic Circle law firms and all of the Big Four accountancy firms. He has a degree in languages (German and Spanish) and social and political sciences from the University of Cambridge.