“I will put forward my candidacy for the post of president of the Russian Federation,” Putin told an audience of workers at a car-making factory in the Volga river city of Nizhny Novgorod.
“There’s no better place or opportunity to put my candidacy forward. I‘m sure that everything will work out for us.”
Putin is lauded by allies as a father of the nation figure who has restored national pride and expanded Moscow’s global clout with interventions in Syria and Ukraine.
His critics accuse him of overseeing a corrupt authoritarian system and of illegally annexing Ukraine’s Crimea, a move that has isolated Russia.
The challenge for Putin is not other candidates -- nobody looks capable of unseating him. Instead, his toughest task will be to mobilize an electorate showing signs of apathy to ensure a high turnout which in the tightly-controlled limits of the Russian political system is seen to confer legitimacy.
Whilst next year’s election in March is devoid of real suspense about who will win, what follows is more unpredictable as attention will turn to what happens after Putin’s final term -- under the current constitution -- ends.
There is no obvious successor, and many investors say the lack of a clear succession plan, and likely jockeying for position among Russian elites for dominance in the post-Putin era, is becoming the biggest political risk.
If re-elected next year, Putin will have to choose whether to leave Dmitry Medvedev as prime minister, or appoint someone else. That decision will trigger a round of intrigue over the succession, as whoever holds the prime minister’s post is often viewed as the president’s heir apparent.
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