Glacier FarmMedia COVID-19 & the Farm

Global Markets: Russian government steps down, Putin proposes constitutional changes

By MarketsFarm

WINNIPEG, Jan. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– Russian President Vladimir Putin is proposing changes to the country’s constitution that would impose limits on future presidents while shifting more power to the parliament. Prime Minister Dmitry Medvedev and the rest of the government announced its resignation in response, in order to allow Putin to appoint new ministers and move forward with making the changes. Under the current constitution Putin is set to leave office in 2024 after already serving four terms as President. The constitutional changes are seen as a move to help him retain power through the parliament.

– The U.S. and China are set to sign Phase One of a trade deal in Washington on Wednesday. Investors are still waiting for details on the agreement.

– The U.S. House of Representatives is also set to vote on sending impeachment charges against President Donald Trump to the Senate today.

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