00:00 It's Benzinga and here's what's on the block.
00:02 Russian President Vladimir Putin has confirmed he will run for re-election in 2024, according
00:07 to state media reports.
00:09 Putin has been the dominant leader in Russian politics since 1999, serving as president
00:14 or prime minister.
00:15 Securing another term in 2024 would keep him in power until at least 2030.
00:21 Constitutional changes approved in 2008 and 2020 allowed Putin to run for two additional
00:27 six-year terms as president after 2024.
00:30 Running again in 2024 would allow Putin, who is now 71, to potentially remain in power
00:36 until 2036.
00:38 Key challenges include Russia's economic difficulties due to sanctions, as well as Putin's limited
00:43 ability to travel internationally due to an arrest warrant from the ICC over the Ukraine
00:48 war.
00:49 For all things money, visit Benzinga.com.
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