"Putin May Announce Candidacy for Presidential Election This November"

Russian President Vladimir Putin may announce his candidacy for the presidential election this November, according to major Russian foreign media reports on the 3rd (local time). If President Putin succeeds in his re-election, he will hold the presidency for six more years until 2030.

Russian President Vladimir Putin [Photo by AFP Yonhap News]

Russian local media Kommersant cited sources on the same day, reporting that President Putin is likely to declare his candidacy for the Russian presidential election scheduled for March 17 next year, coinciding with the opening of 'Russia,' a national economic achievements exhibition held in Moscow this November.

The 'Russia' exhibition, held from November 4 this year to April 12 next year, is an event showcasing the most important economic achievements of the Russian Federation. The source explained, "The achievements displayed here are essentially Putin's achievements."

While this scenario unofficially marks the start of his election campaign by boasting Russia's significant economic accomplishments, the source added, "The final decision rests with President Putin."

Regarding these reports, Kremlin spokesman Dmitry Peskov refrained from commenting, saying, "Honestly, I have no information."

President Putin took over the presidency from former President Boris Yeltsin, who suddenly resigned on December 31, 1999, and was re-elected in 2000 and 2004. Afterwards, from 2008 for four years, he handed over power to his close ally, former President Dmitry Medvedev, and stepped down to become Prime Minister.

However, after former President Medvedev amended the constitution to extend the presidential term from four years to six years in 2012, Putin returned as president and was re-elected in 2018, continuing his fourth term in power.

In April 2021, President Putin signed another amendment to the election and national referendum laws, paving the way for him to serve two more presidential terms until 2036.

This content was produced with the assistance of AI translation services.