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Putin Wins Fifth Term As Russian President With 87% Of The Vote

It will surprise no one that Vladimir Putin secured another six years as Russia’s president – effectively ensuring that he will surpass Joseph Stalin as Russia’s longest-serving ruler should he successfully complete his latest term when he will be 77-year-old – in a bid to step up his war in Ukraine and challenge the West, with the Kremlin claiming record public support for him in a vote whose outcome was largely pre-determined even without mystery sacks of mail-in ballots arriving at 3am.

Putin won 87%, according to an exit poll broadcast on state television late Sunday, shortly after the end of three days of voting. That exceeded the previous high of 77% support that the incumbent president received in 2018 elections.

Three other candidates, all from parties loyal to the Kremlin, received no more than 5% support. Nearly 4.5 million people voted online in a system used in 29 of Russia’s regions for the first time in a presidential election, the Interfax news service reported, citing government data.

Preliminary turnout was 74.22% – the largest in over 3 decades – according to Central Election Commission data shown on state TV. That turnout was the highest since Boris Yeltsin became president in 1991 after the Soviet Union’s collapse, and well above the 67.5% turnout recorded in 2018. At least six Russian regions claimed turnout was above 90%.

Of note, according to the CEC, Putin received 94.12% of the votes after processing 100% of the protocols in the presidential elections of the Russian Federation in the Lugansk People’s Republic, which is located in the contest Donetsk region.

Putin is extending his nearly quarter-century rule into a fifth term at a time when his troops are on the offensive in Ukraine. Russia’s pressing its advantage in the third year of the invasion that’s become Europe’s biggest conflict since World War II, as Ukraine struggles to supply its forces with munitions amid delays in military aid from its US and European allies.

The election outcome “gives Putin every chance to implement any, even the toughest, scenarios in Ukraine,” said Pavel Danilin, head of the Moscow-based Center for Political Analysis, which advises the Kremlin. The “historically high result is a guarantee that the majority of the population supports Putin,” he said.

Putin’s victory comes as Russia’s economy has fully weathered the shock of international sanctions since it began the February 2022 invasion, thanks to a continuing flow of energy revenue – which the west has been terrified to halt as it would mean a surge in global energy prices and a rout for Biden in the November 2024 elections – and a massive injection of government spending to support the defense industry and shield domestic businesses. Meanwhile, trade with China is booming as Russia reorients its economy away from markets in Europe.

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Zero Hedges

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