Russia’s Putin no Longer in Driver’s Seat
Summary: Falling oil prices and the loss of control over Russia’s nationalists fundamentally change Vladimir Putin’s system of rule. His popularity dependent on nationalist sentiment he does not control, Mr. Putin is no longer in the driver’s seat. Relations with the West may not recover as much as many assume. Among other things, this might hinder foreign investment in development of Russia’s Arctic resources and prevent Russia from maintaining oil production at current levels for the long term.