China and the United States marked a historic moment in trade on Wednesday when the two sides formally signed the first phase of a trade agreement that eased an 18-month dispute between the world’s two largest economies.
In addition to the U.S. -china trade news overnight, the market was caught off guard by a major event in Russian politics.
In his state-of-the-nation address on January 15, Russian President Vladimir Putin announced constitutional reforms to give parliament greater powers. It was Putin’s 16th state of the nation address since he took office in 2000 and the first time the key document was delivered at the start of the year.
Putin’s proposals include expanding the powers of the state duma (lower house of parliament) and the federation council (upper house of parliament), strengthening the status of the state council and the priority of the constitution in law, Xinhua reported.
“I think it is necessary to hold a referendum on the package of proposed amendments to the constitution of the Russian Federation,” he said. A final decision can only be made based on the results of the vote.”
Russian prime minister Dmitry Medvedev shocked the public Wednesday when he announced the resignation of the entire Russian government following President Vladimir Putin’s annual state of the union address, the Ria Novosti news agency reported.
Mr. Medvedev said he informed Russian President Vladimir Putin of the government’s decision to resign en masse after he announced a series of constitutional changes.
He said Putin’s state of the union address laid out priorities for the next step and proposed a number of major changes to Russia’s constitution that would significantly change the balance of state power. The government resigned in its current form so that the President could take all necessary steps.
“In this case, I believe that the Russian government should resign en masse in accordance with article 117 of the Russian constitution,” he said.
Later, Mr. Putin said he intended to create the post of deputy chairman of Russia’s federal security council and proposed Mr. Medvedev for the post, according to roast, which said Mr. Medvedev had agreed to the new post.
The security council of the Russian federation is mainly responsible for the formulation of national development strategies and provides the President with decision-making on major issues concerning the national economy, people’s livelihood, national security, and national defense. The current chairman of the federal security council is Russian President Vladimir Putin.
Meanwhile, Russian President Vladimir Putin has proposed the head of the federal tax service, Dmitry mishuskin, as prime minister to succeed Mr. Medvedev.
A news release on the Russian President’s website said Putin had a working meeting with mistrusting and proposed that the other party become the government’s prime minister. Mr. Putin submitted the nomination to the duma with Mr. Mishuskin’s approval.
Born in Moscow in March 1966, he has been head of the federal tax office since April 2010.
Why did the Russian government resign en masse?
Dmitry abzuzarov, head of Russia’s strategic information center, said that the Russian President’s state of the union address, the cabinet announced the resignation of the general, this is already prepared for the big news. By all appearances, the plan had already been made and was not announced by accident.
Some analysts pointed out that the real reason for the resignation of the Russian prime minister and his cabinet is related to the fate of Putin’s current term after the end of 2024.
If the constitutional amendments proposed by Mr. Putin are approved, they will affect the overall balance of power in the Russian government. It is seen as a power game in which Mr. Putin will seek to stay in power after his presidential term expires.
Hu xi jin, editor-in-chief of the global times, said the resignation of the Medvedev administration was clearly an adjustment of the political initiative and that Putin may be considering his own succession.
Russian experts believe the government is resigning to allow more people with economic knowledge to enter the cabinet and to coincide with Mr. Putin’s proposed constitutional changes.
Dmitry Kasparov, an expert on Russian politics and a member of the bureau of Russia’s coordinating committee on non-state security, said Mr. Medvedev’s resignation has a more far-reaching impact. Mr. Medvedev’s resignation will be followed by a flood of new appointees, in effect paving the way for the next parliamentary and presidential elections.
Alexey Makarkin, a political analyst in Moscow, says Putin is preparing for a transition of power in 2024 and that it will reduce the focus on his successor, who will not have Putin’s dominance.
Under Russia’s current constitution, Putin must step down as President in 2024. But an outside analysis, Mr. Putin will seek to survive, and he was 15, put forward the proposal, it is aimed at after his term as President in 2024, opening a new channel to be able to remain in power in power – the first handed over power to the prime minister, then at the end of his term in office as prime minister, so as to achieve the purpose of the stay in office, he has used this technique before one more time.
Mr. Putin also proposed amending the constitution to require anyone running for President to have lived in Russia for at least 25 years. That suggests the Russian leader has his eye on a potential rival in 2024.
Mr. Putin’s rival, the Russian businessman Mikhail Khodorkovsky, who is in exile, has said he wants to run for President. But if the amendment passes, he could be barred from running.