Putin's Now Purged The West From The Kremlin [zero hedge]
SBERBANK OF RUSSIA S/ADR (SBRCY)
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Source: zero hedge
Putin's Now Purged The West From The Kremlin Authored by Tom Luongo via Gold, Goats, 'n Guns blog,It came as the biggest shock of the day on Wednesday. The Russian government resigned. The day before President Vladimir Putin gave his State of the Nation address and outlined a slate of constitutional changes.That speech prompted an overhaul of Russia’s government.Putin’s plan is to devolve some of the President’s overwhelming power to the legislature and the State Council, while beefing up the Constitutional Court’s ability to provide checks on legislation.From TASS:In Wednesday’s State of the Nation Address, Putin put forward a number of initiatives changing the framework of power structures at all levels, from municipal authorities to the president. The initiatives particularly stipulate that the powers of the legislative and judicial branches, including the Constitutional Court, will be expanded. The president also proposed to expand the role of the Russian State Council.
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