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Caixin Global China Watch
How Putin Transformed Russia and the World

How Putin Transformed Russia and the World

The Russian president’s ascent had raised hopes of reform, but under his decades-long rule, market competition has eroded and social spending has dwindled

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Caixin Global
Mar 25, 2024
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Caixin Global China Watch
Caixin Global China Watch
How Putin Transformed Russia and the World
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Boris Yeltsin, Russia’s first president, resigns on Dec. 31, 1999, in Moscow, leaving Putin as acting president. Photo: VCG 

On Sunday, Russian President Vladimir Putin won a landslide victory with 87% of the vote, marking his fifth victory in a Russian presidential election.

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Under the current Russian constitution, Putin is eligible to run for president for another six-year term in 2030, which means he could potentially remain in power until 2036, and if so, will surpass Stalin as the longest-serving Russian leader since the beginning of the Soviet era.

The election win comes soon after Russia achieved its first widely recognized military victory in nearly a year, as the Ukrainian army has withdrawn from the southern stronghold of Avdiivka in eastern Ukraine.

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