JRL NEWSWATCH: “[Re: Council on Strategic Development and National Projects] Macro and Markets with Alex Nice” – Bear Market Brief, bmb Russia/ Foreign Policy Research Institute

“… Putin chaired a major meeting of the Council on Strategic Development and National Projects with the cabinet and regional officials. … First, although Putin is only a year into his fourth term, there is already a sense of frustration and anxiety about the progress of the National Projects … the strategic underpinning of the six-year presidential cycle. Putin opened the event with a renewed complaint about the ineffectiveness of the power vertical. … Second, Putin’s remarks emphasized that import substitution and boosting the share of domestic production in state procurement is a first-order strategic goal. …”

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