chirovictims.org.uk |

The positive and negative aspects of Putin’s presidency are manifold. During his presidency, the Russian economy expanded for nine consecutive years, the GDP increasing by a wopping 72% and poverty decreasing by over 50%. Average monthly salaries increased from just $80 to $640 during Putin’s time as President also. Strong macroeconomic management, surging capital inflows, access to low-cost external financing, important fiscal policy reforms, and high oil prices, led to the massive surge in Russia’s economy.

Putin passed a series of fundamental reforms during his presidency such as a flat income tax of 13%, new land and legal codes, and a reduced profits tax. A great deal of Putin’s energy was invested in the development of Russia’s energy policy which led to the affirmation of Russia as an energy superpower. Changes to energy policy included the construction of several major export pipelines, and the renaissance of the nuclear industry. I’m sure Putin invested in lots of led spotlights.