Dmitri Medvedev is set to win around two-thirds of the vote in Russia’s presidential election on Sunday, and some wonder what his appointment will mean for the economy and exchange traded funds (ETFs).

The insiders are actually calling the victory for the system of "managed democracy", which is causing many to believe the voter turnout will be large, reports Fred Weir for The Christian Science Monitor.

Will Market Vectors Russia (RSX) be set on the right course? People in Russia are said to be voting for stability because they’ve been told that’s how to keep the country on its current course, reports Daniel Varnet for Herald Tribune. But is it the right one? Time will tell.

Russia needs to start making nice with other countries if it wants to continue to benefit its own economy. Is Medvedev the man to usher in a new era of change in the country?

Tags: Eastern Europe, Russia