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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]
Vladimir Vladimirovich Putin [c] [d] (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Russia from 1999 to 2000 [e] and again from 2008 to 2012.
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.
March 4, 2012 - Putin wins a third term as president, with just under 65% of the vote. Critics question the results amid complaints of voter fraud. May 7, 2012 - Putin is sworn in under tight ...
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's rule increased stability, while transforming Russia into an authoritarian state. [201] In 2008, Putin took the post of prime minister, while Dmitry Medvedev was elected President for one term, to hold onto power despite legal term limits; [202] this period has been described as a "tandemocracy". [203]
Ukraine's President Volodymyr Zelensky attends a meeting with Germany's defense minister in Kyiv on January 14, 2025, amid the Russian invasion of Ukraine.