A version of this article was published on the Bear Market Brief’s website.
It’s a rough time to be a regional governor in Russia. Since last year, arrests and resignations of local leaders have piled up and accelerated in the last few weeks, with five governors gone since February. Described by some as a way for the Kremlin to prepare the presidential elections, whether by pumping “new blood” into Russia’s political system or by demonstrating its will to fight corruption at the highest level, the shake up is putting the regional establishment into a difficult position. Continue reading “Dirty Jobs: Being a Governor in Russia is Proving Tough”