Medvedev approved for new term as Russia's prime minister

Honour Guards carry the Russian Presidential Standard and Russian National Flag during the ceremony in the Kremlin

Russian Duma Expected To Confirm Medvedev For New Term As PM

Russian President Vladimir Putin took office for his second consecutive six-year term today, and said that he believes the meaning of life is to do his utmost for the sake of Russia's present and future, TASS reported.

The Russian State Duma (the lower house of parliament) on Tuesday gave its mandate to Dmitry Medvedev for a new term as prime minister.

The Russian constitution bars him from running again when his new terms ends in 2024. Medvedev, a loyal Putin lieutenant, has held the job since 2012.

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Mrs May also said making a newspaper pay costs when it is found not at fault would be "against natural justice". In addition, the Section 40 costs sanctions pose a grave threat to the viability of local journalism.

Later, in 2003, he joined the Presidential Executive Office, becoming chief of staff there and holding this post until he was appointed First Deputy Prime Minister by President Putin in 2005.

Putin wants Russian Federation to become one of the world's top five economies by the time his new term ends in 2024.

When Putin came up against the same term limits in 2008, he got around the problem by anointing Medvedev as president, before taking back the job after one term. They had positioned themselves as champions of private business, though with limited success in an economy dominated by the state.

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"Initially, when we designed the program that was declared in yesterday's decree, we proceeded from the need to find additional 10 trillion rubles, maybe even a little more", Putin said.

Russian President Vladimir Putin addresses his inauguration ceremony in Moscow, capital of Russia, on May 7, 2018.

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