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Sergey Guriyev, when talking about Putin's economic policy, divided it into four distinct periods: the "reform" years of his first term (1999–2003); the "statist" years of his second term (2004—the first half of 2008); the world economic crisis and recovery (the second half of 2008–2013); and the Russo-Ukrainian War, Russia's growing ...
Putin reached the term limit upon the end of his second four-year term in 2008. His political future became a subject of debate in Russia, with his supporters arguing that he needed a third term to finish implementing his reforms. [5] To stay in power, Putin chose Dmitry Medvedev as a loyal replacement to serve as president on his behalf. [6]
The overall tax burden was lower in Russia under Putin than in most European countries. [151] President Putin signed into law in 2024, a bill imposing a 13% progressive wealth tax for those earning up to 2.4 million rubles ($27,500) annually, a 22% income tax on those earning above 50 million rubles ($573,000), and a 5% increase on corporate taxes.
Putin claimed his overwhelming margin was proof that Russians had placed their “trust” and “hopes” in him, while politicians across Europe rejected the vote as a sham and condemned Russia ...
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The history book our grandchildren read 50 years from now will say, “They stopped Putin at Ukraine.” Brian Byrd, a former City Council member, is a physician in Fort Worth. Follow him on X ...
Russia faces a crisis whether it continues the war or not, economist Alexander Mertens says. He pointed to signs of economic distress like high inflation and interest rates.
The move was expected to see Medvedev stand on the United Russia ticket in the parliamentary elections in December, with a goal of becoming Prime Minister at the end of his presidential term. [59] During the 2012 presidential campaign , Putin published 7 articles to present his vision for the future.