Vladimir Putin will seek reelection as Russian president

Vladimir Putin will seek reelection as Russian president

Russian president Vladimir Putin said Wednesday he will seek another term.

Backed by state television, Putin regularly enjoys approval ratings of around 80 per cent, and his decision to run for re-election, which he announced at a vehicle factory in the Volga river city of Nizhny Novgorod, was widely expected.

Putin is seeking a fourth term as president.

"I will put forward my candidacy for the post of president of the Russian federation", Putin said.

. "I suggest we don't agree".

Taking his time in the two high offices into account, Putin is already Russia's second-longest-serving leader in the past 100 years, with only the dictator Joseph Stalin logging more time in power.

There is no obvious successor.

Many investors say the lack of a clear succession plan and the jockeying for position that is likely to ensue as the Putin era comes to an end is becoming the biggest political risk.

More news: US Supreme Court Okays Trump's Latest Travel Ban

Putin has sought to appeal to the country's youth after thousands of young Russians took to the streets earlier this year to protest alleged corruption among the elites, targeting Prime Minister Dmitry Medvedev among others.

That decision will be closely watched - as whoever holds that post is often seen as the president's heir apparent. Putin faces no serious threats in his re-election bid.

In comments released by the Kremlin, Putin said the military operation in the area was now finished, and that the focus would switch to a political process that would eventually involve presidential and parliamentary elections. Sobchak said on Wednesday that Putin would probably win "as always", but that she still planned to run to represent people who wanted change.

Veterans of past campaigns - Communist chief Gennady Zyuganov, ultranationalist Vladimir Zhirinovsky and liberal leader Grigory Yavlinsky - all have declared their intention to run. "I will run for president".

"The United Russia party that has been founded by President Putin will support his candidacy".

The appearance was shown live on state television.

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