From the desk of Frank Kane: From Russia with votes


  • English
  • Arabic

Congratulations to Vladimir Putin on his surprisingly big win in the Russian presidential election.

His 63 per cent of the vote was almost the "Goldilocks" result: not so big that it would have cast doubt on the electoral process in Russia; and not so small as to have undermined him. It was so spot-on for the former KGB man that you might be tempted to say he wrote the result himself.

Some thousands of demonstrators did say exactly that in central Moscow in protests at what they claimed was a rigged election (surely not, in Russia?) and were arrested in droves for their complaints.

International investors who have been concerned about political instability in the resource-rich country will probably be reassured. The opposition was unelectable, really: old communists; rabid nationalists; and the peculiar Mikhail Prokhorov, a billionaire turned democrat who got about 7 per cent (or nearly 20 per cent, according to estimates by the international observers in the country to assess the voting process.)

There might be one surprise beneficiary of the win. With Mr Putin back for another four years at least, he might just feel confident enough to do something about poor Mikhail Khodorkovsky, a former oil billionaire still languishing in a Siberian jail after rashly challenging Mr Putin many years ago. The talk in Moscow is he might be freed as a signal that Mr Putin truly wants to rebuild his relationship with the oligarchs he has fallen out with over the years.

If Mr Khodorkovsky does get his freedom, he will be one of the few to escape the full rigours of the Russian penal system. In the past, very few slipped through the net.

Under Joseph Stalin in the 1930s, the story goes that Raskolnikov, an old Bolshevik who had taken part in the 1917 revolution, was walking the corridors of the Kremlin one day when he bumped into Uncle Joe.

"Comrade Raskolnikov, are you still here?" said the leader genially. "I thought I had you shot years ago."

Maybe it was Stalin's own special brand of humour. In comparison, Mr Putin seems sadly lacking in the joke department.

---

I recently had the pleasure of interviewing Jim O'Neill, the Goldman Sachs economist who invented the "Bric" term for the economic group of Brazil, Russia, Indian and China.

While most of the conversation was a serious but fascinating exchange about the global economy, Mr O'Neill strayed from the script on to his hobby, even obsession: football and Manchester United.

We were speaking before his team's encounter last Sunday with mine, Tottenham, and he was quietly confident, especially when he saw some of our best players were injured. His optimism was well placed, as United ran out 3-1 winners. Bad day at the office for me, good for Mr O'Neill.

Later, he offered me his thoughts on football through the prism of the global economy. In particular, with relation to the soaring price of oil, he said: "A couple of [English] Premier League football clubs owe their largesse to its strength over recent years.

"Those fans will be among those who believe high and rising oil prices are a good thing … I'm tempted to add that a number of other Premier League football supporters may wish that, just as with a number of commodity-rich nations, those couple of clubs also suffer the consequences and develop symptoms of the well-known 'Dutch disease' of waste and missed opportunity from what temporary terms of trade improvements can offer."

Whatever does he mean? Surely it couldn't be a reference to Abu Dhabi's own Manchester City (United's deadly rivals)? Or to Chelsea, top contenders for a long while under the resource-rich ownership of Roman Abramovich, who owes a lot of his billions to the strength of the Russian energy sector? If so, it puts Mr O'Neill's dire predictions of an imminent fall in the global price of crude in an entirely new light.

twitter: Follow our breaking business news and retweet to your followers. Follow us

The specs

Engine: 2.0-litre 4-cyl, 48V hybrid

Transmission: eight-speed automatic

Power: 325bhp

Torque: 450Nm

Price: Dh359,000

On sale: now 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Match info

Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)

if you go
The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

The%20Killer
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EDavid%20Fincher%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMichael%20Fassbender%2C%20Tilda%20Swinton%2C%20Charles%20Parnell%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%C2%A0%3C%2Fp%3E%0A
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE