28 April 2012

RUSSIA / USA: ADR Stocks Plunge For 8th Week...After Putin Win: Medvedev Promises 'Long' Rule Together.


      Russian stocks traded in the USA fell again...for the 8th straight week.
      It is the ADR's longest losing streak...since 2008.
      Investors fear president-elect Vladimir Putin will renege on the economic reform promises of current President Medvedev.
     Putin has already walked back a promise for direct of regional governors.
     He now says he will keep veto power over candidates.
     In a live 2 hour interview...Medvedev said his job swap with Putin strengthens Russia's democracy...and that they will rule together 'for a long time.'

     TO READ: AP Report on Medvedev Interview: