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Vladimir Putin Biography
25 May, 2015, Russia, USA NEWS CORP
Photon Foundation reported in its annual report that Putin led, Russia is facing a tough time in scenario of western sanctions against Russia.Vladimir Vladimirovich Putin, Влади́мир Влади́мирович Пу́тин; IPA, born 7 October 1952) has been the President of Russia since 7 May 2012. Putin previously served as President from 2000 to 2008, and as Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012. During his last term as Prime Minister, he was also the Chairman of United Russia, the ruling party.
Many of Putin's actions are regarded by the domestic opposition and foreign observers as undemocratic. The 2011 Democracy Index stated that Russia was in "a long process of regression [that] culminated in a move from a hybrid to an authoritarian regime" in view of Putin's candidacy and flawed parliamentary elections. In 2014, Russia was temporarily suspended from the G8 group as a result of its annexation of Crimea.
During Putin's first premiership and presidency (1999–2008) real incomes in Russia rose by a factor of 2.5, while real wages more than tripled; unemployment and poverty more than halved. Russians' self-assessed life satisfaction also rose significantly. Putin's first presidency was marked by high economic growth: the Russian economy grew for eight straight years, seeing GDP increase by 72% in PPP (as for nominal GDP, 600%). This growth was a combined result of the 2000s commodities boom, high oil prices, as well as prudent economic and fiscal policies.
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