Summary
Dmitry Medvedev was sworn in as President of Russia on May 7 -- and, according to plan, the next day former President Vladimir Putin became prime minister. Cheered by the constitutional passing on of the presidency and buoyed by continued strength in oil prices, Russian shares in mid-May flirted with all-time highs. Evidence continued to mount that the Russian economy has managed to largely escape the reverberations of the past months of global economic turmoil, with fixed investment growing by 20.2% during the first quarter and unemployment declining by 0.2 percentage points in March to 6.4%.
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Dmitry Medvedev was sworn in as president of Russia on May 7-and, according to plan, the next day for...
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