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Which Direction for Russia After Putin?

Ekaterina Novikova
ekaterina_novikova@standardandpoors.com
+7-495-783-4017
Introduction
Given the high concentration of power within the presidential administration, the election of a new president in 2008 could significantly raise political imponderables in Russia, according to "Which Way For Russia's Sovereign Rating: Road To Riches Or Slippery Slope."

Further articles in Standard & Poor's special issue of CreditWeek take an in-depth look at Russia from two perspectives: 1) credit quality; and 2) corporate governance, transparency, and disclosure. In a wide range of articles, credit analysts review risks involved in Russian asset-backed securitization deals; the factors driving ratings of Kazakh, Russian, and Ukrainian banks; and how Russian steelmakers seek to secure market access and diversify the production base through foreign acquisitions. Previous special reports have examined the role played by Russia on the international energy scene. In this issue, governance analysts also examine how corporations and banks in Russia and Ukraine are measuring up to international standards of governance and how improved transparency and disclosure would help to attract investors in the future.