2 May 2016

The New York Times: Putin Took Credit for the Boom. Now There’s a Bust

As leader of the world’s biggest country, a nuclear power intent on asserting itself on the world stage, Mr. Putin has far more pressing concerns than Pikalevo’s myriad troubles. But throughout his 16 years in power, whether as president or prime minister, Mr. Putin has presented an image of an omniscient and omnipresent leader interested in and capable of addressing his country’s most microscopic concerns.

“He is ultimately responsible for everything that happens in Russia,” said Maxim Volkov, the chief executive of the Pikalevo factory visited in 2009 by Mr. Putin, the largest of three interdependent but, since the collapse of the Soviet Union, separately owned plants. “This is very good but also very bad.”

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