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PM Vladimir Putin hasn’t refused returning as president next year...even as current President Medvedev continues his "charm Offensive" to woo foreign investors put off by Russia's corruption and oligarchy control.
Today Medvedev told the FINANCIAL TIMES that he won't compete against Putin in next year's presidential election... though he said that he wants a second term.
But lingering questions over who will run for president in 2012 has sent capital fleeing anyway.
Even if Putin decides to run...capital may not remain.
“If Putin came back as president, it could be difficult to convince sceptical investors that long overdue reforms would now start, and some investors could pull out,” said a hedge fund manager.
