Letter from Moscow: Changing of the guard
Five new technocrat ministers suggest the new PM has a refreshing focus on competence
The Russian government saw its second reshuffle of the year in early November, including veteran energy minister Alexander Novak relinquishing his post after eight years. Five new faces hail from either state companies involved in the industries they will now oversee or relevant government departments. While Prime Minister Mikhail Mishustin is consolidating his power, he is also bringing together technocrats he believes can deliver on Russia’s ambitious domestic policy goals. A cornerstone of President Vladimir Putin’s 2018 re-election campaign was a $400bn state spending plan, covering investments in a range of areas from health and education to infrastructure. This National Projects progr
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away






