As long as the oil costs stay high,Russia is going to enjoy the benefits. Putin, who is striving to rework Russia into the superpower made a a number of domestic guarantees throughout his presidential race. Plans to usher in sweeping pension and wage hikes have been on the high priority together with equally ambitious military modernization program, the officers say. During 2007 when oil was yielding at its greatest, Putin as president could modernize the Russian army. But as an alternative, he made a lot of economic moves including forming a rainy day fund which actually proved to be helpful in the course of the recent international financial crisis!
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