NEWSLINK: “Putinomics Loses Its Power in Russia” – Bloomberg/ Anna Andrianova, Evgenia Pismennaya

“Russia’s traditionally boom-and-bust economy risks something it hasn’t yet endured during President Vladimir Putin’s rule — stagnation. The economy of the world’s biggest energy exporter is stalling without enough investment after draining Putin’s old growth model, based on channeling income from sales of oil and gas into domestic demand and riding a consumption boom that followed. After almost two decades of growth, interrupted by two recessions, the concern is that Russia will find it increasingly difficult to snap out of the torpor. …”