* The "Financial Times" website's "beyondbrics" blog goes to pains to point out possible benefits for Russia. In the short term, Stefan Wagstyl says "the news should be good for Russia's financial markets, not least in perhaps slowing the capital flight that's plagued the country at times of political instability during the last two decades." (This is at odds with the prediction of longtime Kremlin critic and former deputy prime minister Boris Nemtsov, who told RFE/RL's Russian Service that the news was a "worst-case" scenario that would hasten capital flight.)
But in the long term, Wagstyl says, "much will depend on whether the new Putin presidency will stick to the existing resources-based economic strategy or, finally, take the more difficult path of economic diversification."
Sounds a lot like proposing to an ex-girlfriend in hopes that she's turned over a new leaf.
Here's the "FT" piece: