Russia: The Duma Election Result – And Beyond

Publication date
Thursday, 19.02.2004

Niclas Sundstrom


Russia has now completed its Duma elections held on Sunday, December 7, the fourth Duma elections in a decade, as well as 11 regional governor elections. In this note we offer an early analysis of the outcome, an assessment of market implications and medium-term political consequences, as well as look ahead to the March 2004 presidential elections, the re-formation of the government, and the policy agenda for the next four years.
Niclas Sundstrom, hereby certify that all of the views expressed in this research report accurately reflect my personal views about any and all of the subject issuer(s) or securities. I also certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or views in this report.


Niclas Sundstrom
Director and Economic-Political Strategist, Citigroup
– 44 20 7986 3296
Economic and Market Analysis (EC474)
December 8, 2003

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