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Vladimir Putin is poised to embark on his fifth term as Russia’s president, a testament to his enduring influence over the country’s political landscape. However, this prolonged tenure has not been without controversy. Over the years, Putin’s leadership has undergone a noticeable shift towards authoritarianism, characterized by a tightening grip on power and a crackdown on dissenting voices.

One of the most notable manifestations of this shift is Russia’s involvement in the conflict in Ukraine. What began as a territorial dispute over Crimea has escalated into a protracted conflict, with Russia backing separatist rebels in eastern Ukraine. This aggressive stance has drawn condemnation from the international community and further strained Russia’s already tenuous relations with the West.

Fiona Hill, a former White House national security advisor, has remarked on Putin’s evolution from a pragmatic leader to an imperialist figure reminiscent of Russian tsars. This transformation has had profound implications for Russia’s domestic politics and its standing on the world stage. Putin’s consolidation of power has eroded democratic institutions and marginalized political opposition, leaving little room for dissent.

Despite mounting criticism of his leadership style, Putin has managed to maintain a firm grip on power, thanks in part to his dominance of Russia’s political landscape. His electoral victories, though marred by allegations of irregularities and lack of transparency, have only served to reinforce his position as Russia’s preeminent political figure.

Nowhere is Putin’s influence more evident than in places like Kashira, a town near Moscow, where a massive mural of the president adorns the side of an apartment block. This towering image serves as a constant reminder of Putin’s omnipresence in Russian society and the challenges of dissenting in a political climate increasingly hostile to opposition voices.

Despite the pervasive sense of resignation among many Russians, there lingers a palpable undercurrent of uncertainty about the future. As Putin prepares to embark on another term in office, questions abound about what lies ahead for Russia and how the country will navigate the era of Putinism in the years to come.

Picture Courtesy: Google/images are subject to copyright

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The Russian government, under the order of President Vladimir Putin, has taken control of the Russian subsidiaries of Danone, a yoghurt maker, and Carlsberg, a beer company. This action is a result of new rules implemented earlier in the year, allowing Russia to seize assets of companies from “unfriendly” countries. Many companies had halted their operations in Russia following Russia’s invasion of Ukraine. Danone and Carlsberg were in the process of selling their Russian operations when this order was issued.

The order places the shares of Danone Russia and Carlsberg’s Baltika Breweries under the control of the Russian property agency, Rosimushchestvo. Danone, based in France, stated that it is currently investigating the situation and is preparing to take necessary measures to protect its rights as a shareholder and ensure business continuity. Carlsberg stated that it has not received official information from Russian authorities regarding the consequences of the presidential decree on Baltika Breweries. The company had completed the process of separating its Russian unit from the rest of the company and had signed an agreement to sell Baltika Breweries, but the prospects for the sales process are now highly uncertain.

In April, President Putin signed an order granting Russia temporary control over foreign assets in response to actions by the US and other countries that Russia considered “unfriendly and contrary to international law.” As a result, the Russian units of two energy companies, Uniper from Germany and Fortum from Finland, were also brought under state control.

Danone’s Russia operation is the largest dairy company in the country and employs around 8,000 people. The sale of the business was estimated to result in a €1 billion ($1.1 billion; £860 million) loss for Danone. Carlsberg’s subsidiary, Baltika, produces well-known beer brands in Russia and has 8,400 employees across eight plants.

Picture Courtesy: Google/images are subject to copyright