Vladimir Putin Sworn in For President for 6 More Years

Vladimir Putin was sworn in for another six years as Russian president on Monday, buoyed by popular support but weighed down too by a costly confrontation with the West, a fragile economy and uncertainty about what happens when his term ends.

Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand on a gold-embossed copy of the constitution, Putin swore to serve the Russian people, to safeguard rights and freedoms, and protect Russian sovereignty.



Putin’s inauguration for a fourth term as Russian president came two months after more than 70 percent of voters backed him in an election in which he had no serious challengers.

His most dangerous opponent, Alexei Navalny, was barred from running and on Saturday Navalny and hundreds of his supporters were detained by police while protesting over Putin’s new term under the slogan: “Putin is not our tsar.”

In a speech after the swearing-in ceremony, Putin said that in the next six years Russia would prove a strong, muscular player on the world stage, backed by a powerful military, while pushing hard to improve life for its citizens at home.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza