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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 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]
Putin and the newly appointed prime minister Mikhail Mishustin meeting with members of Mishustin's Cabinet, 21 January 2020. Putin won the 2018 Russian presidential election with more than 76% of the vote. [211] His fourth term began on 7 May 2018. [212] [213] On the same day, Putin invited Dmitry Medvedev to form a new government. [214]
Vladimir Putin secured an unprecedented fifth term as president of Russia Monday, as the election commission announced the results of a vote in which he faced no serious challenges and which ...
Given United Russia's near-total dominance of Russian politics, many observers believed that Putin was all but assured of a third term. 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]
Andrey Vavilov, Russia's deputy finance minister between 1994 and 1997, said the Russian Federation held around $105 billion in Soviet-era debt at the end of 1992, with its own debt amounting to ...
Putin used the the first moments of his fifth term to thank the “heroes” of his war in Ukraine and to rail against the West. Russia “does not refuse dialogue with Western states," he said.
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