Putin sworn in for 4th term; promises economic reforms

MOSCOW- Vladimir Putin took the oath of office for his fourth term as Russian president on Monday, promising to pursue an economic agenda that would boost living standards across the country.

In a ceremony in an ornate Kremlin hall in Moscow, Putin said improving Russia’s economy following a recession partly linked to international sanctions would be a primary goal of his next six-year term.

Speaking to thousands of guests standing at the massive Andreevsky Hall of the Grand Kremlin Palace and two adjacent halls Putin said, “Now, we must use all existing possibilities, first of all for resolving internal urgent tasks of development, for economic and technological breakthroughs, for raising competitiveness in those spheres that determine the future,”

“A new quality of life, well-being, security and people’s health — that’s what’s primary today.”

As Putin administration has restored Russia’s prominence on the world stage through military actions, he has however been criticised for failing in efforts to diversify Russia’s economy away from its dependence on oil and gas exports and to develop the country’s manufacturing sector.

He said, “Russia should be modern and dynamic, it should be ready to accept the call of the times.”

He made brief reference to Russia’s international role, he said, “Russia is a strong, active, influential participant in international life. The security and defence capability of the country is reliably ensured. We will give these matters the necessary constant attention.”

He acknowledged Russia faces tough challenges, “but we all remember well that, for more than a thousand years of history, Russia has often faced epochs of turmoil and trials, and has always revived as a Phoenix, reached heights that others could not.”

Putin won the presidential election in March’, winning with a margin of 77 percent of the vote.

Putin effectively has been leader of Russia for all of the 21st century.

He had to stepped down from the presidency in 2008 because of the term limits, he was however named prime minister and continued to steer the country until he returned as president in 2012.


Photo Credit- US News & World Report

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