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Medvedev bows to Russian popular pressure with new rules

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After recent post-election demonstrations, Russia's president Dmitry Medvedev has agreed to open up the system for registering political parties and running for high office in the country.

Russia currently needs political groups to register 50,000 members before they can qualify as "parties." Presidential candidates need 2 million signatures -- 1.4% of the population.

Medvedev's proposed reform would require 500 members drawn across a majority of the Russian administrative regions to form a party, or 300,000 signatures to run for president.

He would also consider restoring or enhancing Russians' ability to run for governor or parliament without party backing.

None of these rules would apply before the 2018 election cycle in any event.

This will be game-changing stuff for Russia when -- if -- it happens. Opposition leaders are eager to get moving, but as always, next year's presidential election has to come first.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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