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Economic experts are assigned new responsibilities by Putin.

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Russian President Vladimir Putin is starting his fifth term in office.
Russian President Vladimir Putin is starting his fifth term in office.

Economic experts are assigned new responsibilities by Putin.

Putin takes the reins of power, promoting economic experts as he begins his new term as Russian President. The roles of Lavrov and Shoigu, long-time confidants, remain undecided.

After a contentious election, Vladimir Putin steps into his next presidential term, and with it comes the distribution of important government posts. Russian Prime Minister Mikhail Mishustin, who was confirmed after Putin's reappointment, has recently bestowed new responsibilities on two key figures in the economic sector. Minister Denis Manturov, who formerly oversaw Russia's war economy, has been promoted to become Mishustin's first deputy, taking on the role of managing industries once more. Deputy Prime Minister Alexander Novak, currently in charge of the significant oil and gas sector, will now assume additional economic duties.

Mishustin resigned in accordance with the constitution due to Putin's fifth term in office on Tuesday. The election that took place in March was criticized by many internationally for its lack of fairness. Now that Mishustin has replaced the former cabinet, Manturov and Novak's promotions are the latest moves towards building a new government. With an emphasis on continuity, it's expected that Putin will rely heavily on familiar faces.

Although Foreign Minister Sergei Lavrov and Defense Minister Sergei Shoigu are among the longest-serving ministers in Putin's cabinet, the future of their positions has yet to be determined. The appointments for these ministerial roles and other leadership positions will be announced on Monday. Both Lavrov, 74, and Shoigu, 68, are well-known as close associates of Putin. Manturov, who held the portfolio of Industry and Trade, will hand over his post to former Kaliningrad governor Anton Alikhanov as he moves into his new role as Mishustin's first deputy.

Emphasizing technological superiority

Through Manturov's elevation to first deputy prime minister and his subsequent focus on industry, the focus on technological leadership is reinforced. Novak, tasked with overseeing the energy sector, will be granted extended economic duties, highlighting the vital role the oil and gas industry plays in the Russian economy despite Western sanctions.

Finance Minister Anton Siluanov and Economy Minister Maxim Reshetnikov are set to remain in their current positions. Former Agriculture Minister Dmitry Patrushev, the son of the powerful Security Council Secretary Nikolai Patrushev, is also set for a promotion. By giving up his Ministerial role, Patrushev will now ascend to the rank of deputy prime minister, once again handling agricultural affairs.

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In response to Western sanctions, Putin prioritizes the energy sector by assigning additional economic duties to Deputy Prime Minister Alexander Novak. Amidst the ongoing tensions, Russia, led by Putin, faces an attack on Ukraine, which has fueled a renewed focus on the country's energy industry as a strategic asset.

Source: www.ntv.de

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