Will Putin's election have any impact on China? Putin as president: another 12 years in power will allow China to avoid a battle, Porsche watch. According to reports from Xinhua News Agency, if Prime Minister Vladimir Putin's promise to run for president is realized, it will cost 5.1 trillion rubles (about 170 billion US dollars). Economic experts from the Central Bank of Russia listed Putin's detailed promises, including raising the salary levels in industries such as healthcare and school teachers, increasing child welfare investment, student allowances, and veteran pensions.
Some of Putin's other campaign promises are not detailed enough to estimate the costs, such as curbing alcoholism.
Analysts estimate that Russia's oil exports will bring in large sums of money, but if international market crude oil prices fall below $95 per barrel, the fiscal deficit caused by fulfilling these promises will be equivalent to 0.5% to 1.5% of GDP. However, compared to other projects, Putin's promised expenditure is not much. The Russian government had previously decided to allocate 20 trillion rubles (66 billion US dollars) by 2020 to modernize weapons equipment, focusing on updating strategic nuclear weapons, air defense systems, intelligence collection and communication systems, fifth-generation fighter jets, and naval equipment.
Russia is scheduled to hold presidential elections on March 4th. The latest public opinion survey results show that Putin's support rate exceeds 50%, and he is expected to win in the first round.
The latest Russian public opinion survey results show that among the five candidates participating in this year's March presidential election, the support rate for current Prime Minister Putin far exceeds the other candidates, and it is expected that Putin's return to the Kremlin will not encounter any problems.
Why does Putin's popularity gradually increase to reach 55%? Putin's personal charm, "strong," and his promises to the public will cost 5.1 trillion rubles (about 170 billion US dollars), used for people's livelihood, including raising the salary levels in industries such as healthcare and school teachers, increasing child welfare investment, student allowances, and veteran pensions. By 2020, 20 trillion rubles (66 billion US dollars) will be allocated to implement the modernization of weapons equipment, focusing on updating strategic nuclear weapons, air defense systems, intelligence collection and communication systems, fifth-generation fighter jets, and naval equipment.
This series of promises are very popular with the Russians and are very well-received measures. Although Russia relies on energy and armament sales to support the country's major fiscal expenditures, its economic strength is not so affluent. In this situation, he dares to make such promises, which requires quite a bit of courage to achieve. If Putin comes to power, it will be a setback for pro-Western forces. Because Putin takes a tough stance towards the West. Due to NATO's eastward expansion and the West's anti-missile system targeting Russia, it poses a very significant threat to Russia, so Putin adopts a confrontational attitude. He is also very tough on Japan's demand for the return of the Northern Four Islands.