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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]
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 ...
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.
Russia is holding a presidential election that is all but certain to extend Vladimir Putin’s rule throughout this decade and into the 2030s. Putin is coasting towards another term in power.
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.
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 ...
Vladimir Putin came up with an initiative to change the appointment procedure for governors, proposing to confirm them in office by decision of legislature from the candidates proposed by the President. Putin logically linked his initiative to the Beslan tragedy. December: A bill to abolish direct gubernatorial elections was drafted and adopted ...
Trump and Putin set the tone it seems, and Zelensky got the post-brief. Trump even gloated that Putin had used his campaign slogan of “common sense,” suggesting the Kremlin head continues to ...