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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 ...
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]
President Donald Trump, left, and and Russia President Vladimir Putin arrive for a meeting in Helsinki on July 16, 2018. - Brendan Smialowski/AFP/Getty Images
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.
Following the 2022 invasion of Ukraine that has become Europe’s biggest conflict since World War II, Russia has been heavily sanctioned by the West and is turning other regimes like China, Iran and North Korea for support. The question now is what the 71-year-old Putin will do over the course of another six years, both at home and abroad.
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 ...
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.