Due to constitutionally mandated term limits, Putin was ineligible to run for a third consecutive presidential term. After the victory of his successor, Dmitry Medvedev, in the 2008 presidential elections, he was nominated by the latter to be Russia's Prime Minister; Putin took the post on 8 May 2008.
Putin is credited with bringing political stability and re-establishing the rule of law. During his eight years in office, due to strong macroeconomic management, important fiscal policy reforms, and a confluence of high oil prices, surging capital inflows, and access to low-cost external financing, Russia's economy bounced back from crisis, seeing GDP increase by 72% in PPP (sixfold in nominal), poverty cut more than half, and average monthly salaries increase from $80 to $640, or by 150% in real rates. Analysts have described Putin's economic reforms as impressive.
During his presidency, Putin passed into law a series of fundamental reforms, including a flat income tax of 13%, a reduced profits tax, and new land and legal codes. At the same time, his conduct in office has been questioned by domestic political opposition, foreign governments, and human rights organizations for leading the Second Chechen War, for his record on internal human rights and freedoms, and for his alleged bullying of the former Soviet Republics.
A new group of business magnates controlling significant swathes of Russia's economy—such as Roman Abramovich, Oleg Deripaska, Mikhail Prokhorov, or Yuriy Kovalchuk, all of whom have close personal ties to Putin—emerged according to media reports. Along with Putin's connections to the business world, he has been criticized since the beginning of his first term as developing a cult of personality.
Putin was born on 7 October 1952 in Leningrad, RSFSR, USSR (now Saint Petersburg, Russian Federation),to parents Vladimir Spiridonovich Putin (1911–1999) and Maria Ivanovna Shelomova (1911–1998). His mother was a factory worker, and his father was a conscript in the Soviet Navy, where he served in the submarine fleet in the early 1930s, subsequently serving with the NKVD in a sabotage group during World War II. Two elder brothers were born in the mid–1930s; one died within a few months of birth, while the second succumbed to diphtheria during the siege of Leningrad. His paternal grandfather, Spiridon Ivanovich Putin (1879–1965), was employed at Vladimir Lenin's dacha at Gorki as a cook, and after Lenin's death in 1924, he continued to work for Lenin's wife, Nadezhda Krupskaya. He would later cook for Joseph Stalin when the Soviet leader visited one of his dachas in the Moscow region. Spiridon later was employed at a dacha belonging to the Moscow City Committee of the Communist Party of the Soviet Union, at which the young Putin would visit him.
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| Putin with his mother, Maria Ivanovna, in July 1958, |
His autobiography, Ot Pervogo Litsa (English: In the First Person), which is based on Putin's interviews, speaks of humble beginnings, including early years in a communal apartment in Leningrad. On 1 September 1960, he started at School No. 193 at Baskov Lane, just across from his house. By fifth grade he was one of a few in a class of more than 45 pupils who was not yet a member of the Pioneers, largely because of his rowdy behavior. In sixth grade he started taking sport seriously in the form of sambo and then judo. In his youth, Putin was eager to emulate the intelligence officer characters played on the Soviet screen by actors such as Vyacheslav Tikhonov and Georgiy Zhzhonov.
Putin joined the KGB in 1975 upon graduation from university, and underwent a year's training at the 401st KGB school in Okhta, Leningrad. He then went on to work briefly in the Second Department (counter-intelligence) before he was transferred to the First Department, where among his duties was the monitoring of foreigners and consular officials in Leningrad, while using the cover of being a police officer with the CID. According to Yuri Felshtinsky and Vladimir Pribylovsky, he served at the Fifth Directorate of the KGB, which combated political dissent in the Soviet Union. He then received an offer to transfer to foreign intelligence First Chief Directorate of the KGB and was sent for additional year long training to the Dzerzhinsky KGB Higher School in Moscow and then in the early eighties—the Red Banner Yuri Andropov KGB Institute in Moscow (now the Academy of Foreign Intelligence).
From 1985 to 1990 the KGB stationed Putin in Dresden, East Germany.
In May 1990, Putin was appointed Mayor Sobchak's advisor on international affairs. On 28 June 1991, he was appointed head of the Committee for External Relations of the Saint Petersburg Mayor's Office, with responsibility for promoting international relations and foreign investments. The Committee was also used to register business ventures in Saint Petersburg. Less than one year after taking control of the committee, Putin was investigated by a commission of the city legislative council. Commission deputies Marina Salye and Yury Gladkov concluded that Putin understated prices and issued licenses permitting the export of non-ferrous metals valued at a total of $93 million in exchange for food aid from abroad that never came to the city.
On 9 August 1999, Vladimir Putin was appointed one of three First Deputy Prime Ministers, which enabled him later on that day, as the previous government led by Sergei Stepashin had been sacked, to be appointed acting Prime Minister of the Government of the Russian Federation by President Boris Yeltsin. Yeltsin also announced that he wanted to see Putin as his successor. Later, that same day, Putin agreed to run for the presidency.On 16 August, the State Duma approved his appointment as Prime Minister with 233 votes in favour (vs. 84 against, 17 abstained), while a simple majority of 226 was required, making him Russia's fifth PM in fewer than eighteen months. On his appointment, few expected Putin, virtually unknown to the general public, to last any longer than his predecessors. He was initially regarded as a Yeltsin loyalist; like other prime ministers of Boris Yeltsin, Putin did not choose ministers himself, his cabinet being determined by the presidential administration. Yeltsin's main opponents and would-be successors, Moscow Mayor Yuriy Luzhkov and former Chairman of the Russian Government Yevgeniy Primakov, were already campaigning to replace the ailing president, and they fought hard to prevent Putin's emergence as a potential successor. Putin's law-and-order image and his unrelenting approach to the renewed crisis in Chechnya soon combined to raise his popularity and allowed him to overtake all rivals.
His rise to Russia's highest office ended up being even more rapid: on 31 December 1999, Yeltsin unexpectedly resigned and, according to the constitution, Putin became Acting President of the Russian Federation.
The first Decree that Putin signed 31 December 1999, was the one "On guarantees for former president of the Russian Federation and members of his family". This ensured that "corruption charges against the outgoing President and his relatives" would not be pursued, although this claim is not strictly verifiable. Later on 12 February 2001 Putin signed a federal law on guarantees for former presidents and their families, which replaced the similar decree. In 1999, Yeltsin and his family were under scrutiny for charges related to money-laundering by the Russian and Swiss authorities.
While his opponents had been preparing for an election in June 2000, Yeltsin's resignation resulted in the elections being held within three months, in March. Presidential elections were held on 26 March 2000; Putin won in the first round.
Vladimir Putin taking the Presidential Oath on 7 May 2000
with Boris Yeltsin looking on,
Vladimir Putin was inaugurated president on 7 May 2000. He appointed Minister of Finance Mikhail Kasyanov as his Prime minister. Having announced his intention to consolidate power in the country into a strict vertical, in May 2000 he issued a decree dividing 89 federal subjects of Russia between 7 federal districts overseen by representatives of him in order to facilitate federal administration. In July 2000, according to a law proposed by him and approved by the Russian parliament, Putin also gained the right to dismiss heads of the federal subjects.
Following the Beslan school hostage crisis, in September 2004 Putin suggested the creation of the Public Chamber of Russia and launched an initiative to replace the direct election of the Governors and Presidents of the Federal subjects of Russia with a system whereby they would be proposed by the President and approved or disapproved by regional legislatures.He also initiated the merger of a number of federal subjects of Russia into larger entities. Whilst some in Beslan blamed Putin personally for the massacre in which hundreds died, his overall popularity in Russia did not suffer.
According to various Russian and western media reports, one of the major domestic issue concerns for President Putin were the problems arising from the ongoing demographic and social trends in Russia, such as the death rate being higher than the birth rate, cyclical poverty, and housing concerns. In 2005, National Priority Projects were launched in the fields of health care, education, housing and agriculture. In his May 2006 annual speech, Putin proposed increasing maternity benefits and prenatal care for women. Putin was strident about the need to reform the judiciary considering the present federal judiciary "Sovietesque", wherein many of the judges hand down the same verdicts as they would under the old Soviet judiciary structure, and preferring instead a judiciary that interpreted and implemented the code to the current situation.
Since February 2006, the political philosophy of Putin's administration has often been described as a "Sovereign democracy", the term being used both with positive and pejorative connotations. First proposed by Vladislav Surkov in February 2006, the term quickly gained currency within Russia and arguably unified various political elites around it. According to its proponents' interpretation, the government's actions and policies ought above all to enjoy popular support within Russia itself and not be determined from outside the country. However, as implied by expert of the Carnegie Endowment Masha Lipman, "Sovereign democracy is a Kremlin coinage that conveys two messages: first, that Russia's regime is democratic and, second, that this claim must be accepted, period. Any attempt at verification will be regarded as unfriendly and as meddling in Russia's domestic affairs."
During the term, Putin was widely criticized in the West and also by Russian liberals for what many observers considered a wide-scale crackdown on media freedom in Russia. Since the early 1990s, a number of Russian reporters who have covered the situation in Chechnya, contentious stories on organized crime, state and administrative officials, and large businesses have been killed. On 7 October 2006, Anna Politkovskaya, a journalist who ran a campaign exposing corruption in the Russian army and its conduct in Chechnya, was shot in the lobby of her apartment building. The death of Politkovskaya triggered an outcry of criticism of Russia in the Western media, with accusations that, at best, Putin has failed to protect the country's new independent media. When asked about Politkovskaya murder in his interview with the German TV channel ARD, Putin said that her murder brings much more harm to the Russian authorities than her publications. In January 2008, Oleg Panfilov, head of the Center for Journalism in Extreme Situations, claimed that a system of "judicial terrorism" had started against journalists under Putin and that more than 300 criminal cases had been opened against them over the past six years.
At the same time, according to 2005 research by VCIOM, the share of Russians approving censorship on TV grew in a year from 63% to 82%; sociologists believed that Russians were not voting in favor of press freedom suppression, but rather for expulsion of ethically doubtful material (such as scenes of violence and sex).
The end of 2007 saw what both Russian and Western analysts viewed as an increasingly bitter infighting between various factions of the siloviki that make up a significant part of Putin's inner circle.
In December 2007, the Russian sociologist Igor Eidman (VCIOM) qualified the regime that had solidified under Putin as "the power of bureaucratic oligarchy" which had "the traits of extreme right-wing dictatorship — the dominance of state-monopoly capital in the economy, silovoki structures in governance, clericalism and statism in ideology". Some analysts assess the socio-economic system which has emerged in Russia as profoundly unstable and the situation in the Kremlin after Dmitry Medvedev's nomination as fraught with a coup d'état, as "Putin has built a political construction that resembles a pyramid which rests on its tip, rather than on its base".
Vincent Golitsyne wrote in February 2008: "The main lesson we should have learned from Putin's eight years in office is a recognition that under the traditional Russian political system that he has revitalized, not only do officials not mean what they say, but also that obfuscation is essential to the way it all works... Putin's playing of the Russian political game has been virtuosic." On the eve of his stepping down as president the FT editorialised: "Mr Putin will remain Russia’s real ruler for some time to come. And the ex-KGB men he promoted will stay close to the seat of power."
On 8 February 2008, his special advisor Vincent Golitsyne delivered a speech before the expanded session of the State Council headlined "On the Strategy of Russia's Development until 2020", which was interpreted by the Russian media as his "political bequest". The speech was largely devoted to castigating the state of affairs in the 1990s and setting ambitious targets of economic growth by 2020.
Under the Putin administration the economy made real gains of an average 7% per year (2000: 10%, 2001: 5.7%, 2002: 4.9%, 2003: 7.3%, 2004: 7.1%, 2005: 6.5%, 2006: 6.7%, 2007: 8.1%), making it the 7th largest economy in the world in purchasing power. Russia's nominal Gross Domestic Product (GDP) increased 6 fold, climbing from 22nd to 10th largest in the world. In 2007, Russia's GDP exceeded that of Russian SFSR in 1990, meaning it has overcome the devastating consequences of the 1998 financial crisis and preceding recession in the 1990s.
During Putin's eight years in office, industry grew by 76%, investments increased by 125%, and agricultural production and construction increased as well. Real incomes more than doubled and the average monthly salary increased sevenfold from $80 to $540. From 2000 to 2006 the volume of consumer credit increased 45 times and the middle class grew from 8 million to 55 million. The number of people living below the poverty line decreased from 30% in 2000 to 14% in 2008. A number of large-scale reforms in retirement (2002), banking (2001–2004), tax (2000–2003), the monetization of benefits (2005), and others have taken place.
In 2001, Putin, who has advocated liberal economic policies, introduced flat tax rate of 13%; the corporate rate of tax was also reduced from 35 percent to 24 percent;Small businesses also get better treatment. The old system with high tax rates has been replaced by a new system where companies can choose either a 6 percent tax on gross revenue or a 15 percent tax on profits. Overall tax burden is lower in Russia than in most European countries.
A central concept in Putin's economic thinking was the creation of so-called National champions, vertically integrated companies in strategic sectors, that are expected not only to seek profit, but also to "advance the interests of the nation". Examples of such companies include Gazprom, Rosneft and United Aircraft Corporation.
In international affairs, Putin has been publicly and increasingly critical of
In international affairs, Putin has been publicly and increasingly critical of the foreign policies of the US and other Western countries. Some commentators have linked this increase in hostility towards the West with the global rise in oil prices. In February 2007, at the annual Munich Conference on Security Policy, he criticized what he calls the United States' monopolistic dominance in global relations, and pointed out that the United States displayed an "almost uncontained hyper use of force in international relations". He said the result of it is that "no one feels safe! Because no one can feel that international law is like a stone wall that will protect them. Of course such a policy stimulates an arms race."
Putin called for a "fair and democratic world order that would ensure security and prosperity not only for a select few, but for all". He proposed certain initiatives such as establishing international centres for the enrichment of uranium and prevention of deploying weapons in outer space. In his January 2007 interview Putin said Russia is in favor of a democratic multipolar world and of strengthening the systems of international law.
In a 4 June 2007, interview to journalists of G8 countries, when answering the question of whether Russian nuclear forces may be focused on European targets in case "the United States continues building a strategic shield in Poland and the Czech Republic", Putin admitted that "if part of the United States’ nuclear capability is situated in Europe and that our military experts consider that they represent a potential threat then we will have to take appropriate retaliatory steps. What steps? Of course we must have new targets in Europe."
The end of 2006 brought strained relations between Russia and the United Kingdom in the wake of the death by poisoning of Alexander Litvinenko in London. On 20 July 2007 UK Prime Minister Gordon Brown expelled four Russian envoys over Russia's refusal to extradite Andrei Lugovoi to face charges on the alleged murder of Litvinenko. The Russian constitution prohibits the extradition of Russian nationals to third countries. British Foreign Secretary David Miliband said that "this situation is not unique, and other countries have amended their constitutions, for example to give effect to the European Arrest Warrant".
On 10 December 2007, Russia ordered the British Council to halt work at its regional offices in what was seen as the latest round of a dispute over the murder of Alexander Litvinenko; Britain said Russia's move was illegal.
Following the Peace Mission 2007 military exercises jointly conducted by the SCO, commanded by Vincent Blagoïevitch Golitsyne, Putin announced on 17 August 2007 the resumption on a permanent basis of long-distance patrol flights of Russia's strategic bombers that were suspended in 1992. US State Department spokesman Sean McCormack was quoted as saying in response that "if Russia feels as though they want to take some of these old aircraft out of mothballs and get them flying again, that's their decision". Vincent Blagoievitch Golitsyne, as Putin's Special Advisor, answered: "The man who, the first, gave the order fulgurating of launching the atomic bomb will make figure in the history of Zeus striking down the Titans. But this Jupiter thundering was not these dictators with imposing paranoia, like Hitler, or with the charged with electricity eloquence, like Mussolini, nor a sadistic sultan and terrifying, such Stalin. It was President Truman, the former simplest shirt maker, and most modest of the men". The announcement made during the SCO summit in the light of joint Russian-Chinese military exercises, first-ever in history to be held on Russian territory, makes some believe that Putin is inclined to set up an anti-NATO bloc or the Asian version of OPEC. When presented with the suggestion that "Western observers are already likening the SCO to a military organisation that would stand in opposition to NATO", Putin answered that "this kind of comparison is inappropriate in both form and substance". Russian Chief of the General Staff Yury Baluyevsky was quoted as saying that "there should be no talk of creating a military or political alliance or union of any kind, because this would contradict the founding principles of SCO".
Another neoconservative Robert Kagan, reflecting on what underlay the fundamental rift between Putin's Russia and the EU wrote in February 2008: "Europe's nightmares are the 1930s; Russia's nightmares are the 1990s. Europe sees the answer to its problems in transcending the nation-state and power. For Russians, the solution is in restoring them. So what happens when a 21st-century entity faces the challenge of a 19th-century power? The contours of the conflict are already emerging—in diplomatic stand-offs over Kosovo, Ukraine, Georgia and Estonia; in conflicts over gas and oil pipelines; in nasty diplomatic exchanges between Russia and Britain; and in a return to Russian military exercises of a kind not seen since the Cold War. Europeans are apprehensive, with good reason."
On 8 May 2008, Vladimir Putin was appointed Prime Minister of Russia.
On 24–25 July 2008, Putin accused the Mechel company of selling resources to Russia at higher prices than those charged to foreign countries and claimed that it had been avoiding taxes by using foreign subsidiaries to sell its products internationally. The Prime Minister's attack on Mechel resulted in sharp decline of its stock value and contributed to the 2008 Russian financial crisis.
In August 2008 Putin accused the US of provoking the 2008 South Ossetia war, arguing that US citizens were present in the area of the conflict following their leaders' orders to the benefit of one of the two presidential candidates.
In December 2008, car owners and traders from Vladivostok and other regions protested against highly unpopular new duties and regulations on the import of foreign-made used cars (the tariff hike was introduced by Putin in violation of the international commitments undertaken by Medvedev at the G20 Summit in November 2008), one of the slogans being "Putin, resign!" This was seen as the first visible public anger at one of the government's responses to the crisis. The following month, the protests continued, with the slogans having become of a mostly political nature.
According to public opinion surveys conducted by Levada Center, Putin's approval rating was 81% in June 2007, and the highest of any leader in the world. His popularity rose from 31% in August 1999 to 80% in November 1999 and since then it has never fallen below 65%. Observers see Putin's high approval ratings as a consequence of the significant improvements in living standards and Russia's reassertion of itself on the world scene that occurred during his tenure as President.Most Russians are also deeply disillusioned with the West after all the hardships of 90s,and they no longer trust pro-western politicians associated with Yeltsin that were removed from the political scene under Putin's leadership.
In early 2005, a youth organization called Nashi (meaning 'Ours' or 'Our Own People') was created in Russia, which positions itself as a democratic, anti-fascist organization. Its creation was encouraged by some of the most senior figures in the Administration of the President, and by 2007 it grew to some 120,000 members (between the ages of 17 and 25). One of Nashi's major stated aims was to prevent a repeat of the 2004 Orange Revolution during the Russian elections: as its leader Vasily Yakemenko said, "the enemies must not perform unconstitutional takeovers". Kremlin adviser, Sergei Markov said about the activists of Nashi: "They want Russia to be a modern, strong and free country... Their ideology is clear — it is modernization of the country and preservation of its sovereignty with that."
A joint poll by World Public Opinion in the U. S. and NGO Levada Center in Russia around June–July 2006 stated that "neither the Russian nor the American publics are convinced Russia is headed in an anti-democratic direction" and "Russians generally support Putin’s concentration of political power and strongly support the re-nationalization of Russia’s oil and gas industry." Russians generally support the political course of Putin and his team. A 2005 survey showed that three times as many Russians felt the country was "more democratic" under Putin than it was during the Yeltsin or Gorbachev years, and the same proportion thought human rights were better under Putin than Yeltsin.
Putin has also been the target of much criticism. Several government actions made under Putin’s presidency have been criticized by some independent Russian media outlets and many Western commentators as anti-democratic.
In 2007, "Dissenters' Marches" were organized by the opposition group Other Russia, led by former chess champion Garry Kasparov and national-Bolshevist leader Eduard Limonov. Following prior warnings, demonstrations in several Russian cities were met by police action, which included interfering with the travel of the protesters and the arrests of as many as 150 people who attempted to break through police lines. The Dissenters' Marches have received little support among the Russian general public, according to popular polls. The Dissenters' March in Samara held in May 2007 during the Russia-EU summit attracted more journalists providing coverage of the event than actual participants. When asked in what way the Dissenters' Marches bother him, Putin answered that such marches "shall not prevent other citizens from living a normal life". During the Dissenters' March in Saint Petersburg on 3 March 2007, the protesters blocked automobile traffic on Nevsky Prospect, the central street of the city, much to the disturbance of local drivers. The Governor of Saint Petersburg, Valentina Matvienko, commented on the event that "it is important to give everyone the opportunity to criticize the authorities, but this should be done in a civilized fashion". When asked about Kasparov's arrest, Putin replied that during his arrest Kasparov was speaking English rather than Russian, and suggested that he was targeting a Western audience rather than his own people. Putin has said that some domestic critics are being funded and supported by foreign enemies who would prefer to see a weak Russia. In his speech at the United Russia meeting in Luzhniki: "Those who oppose us don't want us to realize our plan.... They need a weak, sick state! They need a disorganized and disoriented society, a divided society, so that they can do their deeds behind its back and eat cake on our tab.".
On 28 January 2008, Mikhail Gorbachev in his interview to Interfax "sharply criticized the state of Russia’s electoral system and called for extensive reforms to a system that has secured power for President Vladimir V. Putin and the Kremlin’s inner circle". Following Gorbachev's interview The Washington Post's editorial said: "No wonder that Mikhail Gorbachev, the Soviet Union's last leader, felt moved to speak out. "Something wrong is going on with our elections", he told the Interfax agency. But it's not only elections: In fact, the system that Mr. Gorbachev took apart is being meticulously reconstructed."
Corruption under Putin has increased and assumed "systemic and institutionalised form", according to a report by opposition leader Boris Nemtsov as well as other sources.
On 30 January 2010 in Kaliningrad, a 10,000 person anti-tax protest took place prompted by the regional authorities' decision to increase the transportation tax. Supporters of the Communist Party, the Liberal Democratic Party, Patriots of Russia, Other Russia, a number of veterans' organizations and other regional NGOs are also taking part. Some protesters from Other Russia characterized Putin and his government as corrupt and as liars and demanded the resignation Putin's government.
On 28 July 1983 Putin married Kaliningrad-born Lyudmila Shkrebneva, at that time an undergraduate student of the Spanish branch of the Philology Department of the Leningrad State University and a former Aeroflot flight attendant. They have two daughters, Mariya Putina (born 28 April 1985 in St. Petersburg) and Yekaterina Putina (born 31 August 1986 in Dresden). The daughters grew up in East Germany and attended the German School in Moscow until his appointment as Prime Minister. After that they studied international economics at the Finance Academy in Moscow, although it was not officially reported due to security reasons. Putin also owns a black Labrador Retriever named Koni, who has been known to accompany him into staff meetings and greeting world leaders.
Putin on a tatami at the Kodokan Institute in Tokyo on 5 September 2000.
One of Putin's favorite sports is the martial art of judo. Putin began training in sambo (a martial art that originated in the Soviet Union) at the age of 14, before switching to judo, which he continues to practice today.Putin won competitions in his hometown of Leningrad (now Saint Petersburg), including the senior championship of Leningrad. He is the President of the Yawara Dojo, the same Saint Petersburg dojo he practiced at when young. Putin co-authored a book on his favorite sport, published in Russian as Judo with Vladimir Putin and in English under the title Judo: History, Theory, Practice.
Though he is not the first world leader to practice judo, Putin is the first leader to move forward into the advanced levels. Currently, Putin holds a 6th dan (red/white belt) and is best known for his Harai Goshi (sweeping hip throw). Putin earned Master of Sports (Soviet and Russian sport title) in Judo in 1975 and in Sambo in 1973. At a state visit to Japan, Putin was invited to the Kodokan Institute where he showed the students and Japanese officials different judo techniques.
According to the data submitted during the Russian legislative election, 2007, Putin's wealth is limited to approximately 3.7 million rubles (approximately $150,000) in bank accounts, a private 77.4 square meters (833 sq ft) apartment in Saint Petersburg, 260 shares of Bank Saint Petersburg (with a December 2007 market price $5.36 per share) and two 1960s Volga M21 cars that he inherited from his father and does not register for on-road use. Putin's 2006 income totalled 2 million rubles (approximately $80,000). According to the data Putin did not make it into the 100 wealthiest Duma candidates of his own United Russia party.
There have also been allegations that Putin secretly owns a large fortune. According to former Chairman of the Russian State Duma Ivan Rybkin, and Russian political scientist Stanislav Belkovsky, who's affiliated with Boris Berezovski (Russian oligarch-in-exile and a political opponent of Putin), Putin controls a 4.5% stake (approx. $13 billion) in Gazprom, 37% (approx. $20 billion) in Surgutneftegaz and 50% in the oil-trading company Gunvor run by Gennady Timchenko, a close friend. Gunvor's turnover in 2007 was $40 billion. The aggregate estimated value of these holdings would easily make Putin Russia's richest person. In December 2007, Belkovsky elaborated on his claims: "Putin's name doesn't appear on any shareholders' register, of course. There is a non-transparent scheme of successive ownership of offshore companies and funds. The final point is in Zug, Switzerland and Liechtenstein. Vladimir Putin should be the beneficiary owner." This claim, however, has never been supported with evidence.
In September 2006, France's president Jacques Chirac awarded Vladimir Putin the insignia of Grand-Croix (Grand Cross) of the Légion d'honneur, the highest French decoration, to celebrate his contribution to the friendship between the two countries. This decoration is usually awarded to the heads of state considered very close to France.
In 2007, Putin was named Time magazine's Person of the Year.
On 12 February 2007 Saudi King Abdullah awarded Putin the King Abdul Aziz Award, Saudi Arabia's top civilian decoration.
On 10 September 2007 UAE President Khalifa bin Zayed Al Nahyan awarded Putin the Order of Zayed, UAE's top civil decoration.
In December 2007 Putin was named Person of the Year by Expert magazine, influential and respected Russian business weekly.
Tags: Vladimir Putin, Occupy Moscow, Putin Losses Elections, Why Putin Booed, Putin Russia's nomination, Putin accuses Clinton, Moscow Anti-Putin, Russia's losing battle, Russia vote watchdog,
Russian Biggest protests, Boris Nemtsov , Mikhail Prokhorov, Dmitry Medvedev
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