Connect with us

Hi, what are you looking for?

Income Innovator HubIncome Innovator Hub

Investing

Putin announces presidential re-election bid, fifth term expected to be certain

Russian President Vladimir Putin has announced that he is running for re-election on March 17, which will likely see him secure a fifth term in office.

Putin, 71, announced his decision following a Kremlin award ceremony after which war veterans and others reportedly pleaded with him to run.

With a firm grip on power already, Putin is widely expected to win another six-year term in office, although a change to the country’s constitution will allow him to run again in 2030, which could see his authority extend to 2036. He secured 76% of the vote in the 2018 election. 

‘I won’t hide it from you — I had various thoughts about it over time, but now, you’re right, it’s necessary to make a decision,’ Putin said in a video released by the Kremlin after the event. 

‘I will run for president of the Russian Federation.’

The announcement was low-key, with analysts saying the reason was to purvey Putin’s modesty and his perceived focus on doing his job as opposed to loud campaigning.

The former intelligence officer remains hugely popular in Russia. His support spiked with the onset of the war against Ukraine, and he currently has an approval rating of 82%, according to Statista, a global data platform. A failed rebellion last summer by mercenary chief Yevgeny Prigozhin also did not damage Putin’s approval ratings. 

That support might come from the heart, or it might reflect submission to a leader whose crackdown on any opposition has made even relatively mild criticism perilous. 

Voting will take place over three days. The three-day window was first used during the COVID-19 pandemic, with officials saying it is more convenient for voters. 

Extensions to the national voting window have been criticized as a risk to election integrity, necessitating ballots being kept safe overnight and complicating the jobs of poll watchers.

Voting will also be open to four regions of Ukraine partially and illegally annexed by Russia.

It is unclear who will challenge Putin at the ballot box, although some people have already signaled that they will put their names forward.

Igor Girkin, who led pro-Russia fighters in eastern Ukraine in 2014, recently said that he wants to challenge Putin. Girkin is an outspoken pro-war blogger who has fiercely criticized Russia’s military strategy in Ukraine and is currently in jail awaiting trial for extremism, which he denies.

Others who have announced plans to run include former lawmaker Boris Nadezhdin, who holds a seat on a municipal council in the Moscow region, and Yekaterina Duntsova, a journalist and lawyer from the Tver region north of Moscow, who once was a member of a local legislature.

Imprisoned opposition leader Alexei Navalny last week urged his supporters to vote for anyone but Putin.

‘Putin views this election as a referendum on approval of his actions,’ Navalny said in an online statement.

‘A referendum on approval of the war. Let’s disrupt his plans and make it happen so that no one on March 17 is interested in the rigged result, but that all of Russia saw and understood: the will of the majority is that Putin must leave.’

Putin has held continuous positions as president or prime minister since 1999. He has been president since 2012, with his previous stint as president running from 2000 to 2008. 

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Latest News, And Articles.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Source: Ark Invest / Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC)...

    Latest News

    A super PAC that has overseen much of Ron DeSantis’s presidential operation has fired its CEO less than two weeks after the previous chief...

    Latest News

    WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

    Stock

    Popeyes is expanding its menu beyond chicken sandwiches — and it’s a permanent change this time. The fast-food chain announced Wednesday it’s adding five...

    Disclaimer: Incomeinnovatorhub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 incomeinnovatorhub.com