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17 April 2013
RUSSIA : Medvedev On Defensive After Putin Tirade Tape Leaked.
Many Kremlin watchers have been predicting the demise of PM Dmitry Medvedev...ever since his appointment last May.
But a new video posted on a pro-Putin website...that shows Putin threatening to fire unnamed officials if Russia's economy continues to falter...delivers new ammunition.
Before parliament...and for almost 2 hours...Medvedev staunchly defended his cabinet's results.
Last week...Russia's projected 2013 GDP was revised downward to 2.4%.
In 2012...its $2 trillion economy grew by 3.4%.
The prices for oil and gas...Russia's main exports...have been rapidly sinking.
Today...benchmark Brent closed below $98 bbl.
Some economists estimate that Russia needs oil at $115 bbl to pay its bills.
http://www.reuters.com/article/2013/04/17/russia-medvedev-idUSL5N0D429420130417