• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that

3

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
PoliticsRussia
Europe

Putin sets out his vision after presidential election victory: Warns voter ‘crimes’ will be punished and a Russia-NATO conflict is only one step away from World War III

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
March 18, 2024, 7:25 AM ET
Russian President Vladimir Putin speaks during his press conference at his campaign headquarters, early March,18,2024, in Moscow, Russia.
Putin spoke after preliminary results showed him with 87.2% support in the election that ended Sunday, giving him another six years as president to step up his war in Ukraine and conflict with the West.Contributor/Getty Images

A defiant Vladimir Putin said Russia won’t be stopped from pursuing its goals after he swept to a record victory in a presidential election whose outcome was pre-determined.

Recommended Video

“No matter how much anybody wanted to suppress us, our will, our consciousness, nobody in history has ever succeeded, they have not succeeded now and they will never succeed,” Putin told supporters in Moscow late Sunday. All the major “and in some areas grandiose plans” that he set out before the election “will certainly be achieved,” he said.

Putin spoke after preliminary results showed him with 87.2% support in the election that ended Sunday, giving him another six years as president to step up his war in Ukraine and conflict with the West. The outcome far exceeded his previous record of 77% in 2018 elections.

Long lines formed at noon outside some polling stations, including in Moscow and St. Petersburg, after allies of opposition leader Alexey Navalny, who died last month in an Arctic prison camp, called on people to protest Putin’s election by turning up at that time. Their presence represented a sign of defiance amid the harshest Kremlin crackdown on dissent in decades.

Russia’s longest-serving leader since Soviet dictator Josef Stalin, Putin, 71, is extending his nearly quarter-century rule into a fifth term at a time when his troops are on the offensive in Ukraine. Russia is pressing its advantage in the third year of the invasion, which has 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.

Any direct conflict between Russia and the US-led NATO alliance would be “one step away from a full-scale third world war,” Putin said Sunday.

Putin is “addicted to power and is doing everything he can to rule forever,” Ukrainian President Volodymyr Zelenskiy said in a video address. “There is no evil he will not commit to prolong his personal power. And there is no one in the world who is safe from this.”

Turnout from three days of voting was put at 74.2%. That’s 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%. 

Three other candidates from parties loyal to the Kremlin offered no serious competition in the tightly controlled election. Communist Nikolai Kharitonov took 4.2%, Vladislav Davankov from the New People, a party created in 2020, was on 4% and Leonid Slutsky, leader of the ultranationalist Liberal Democratic Party of Russia, trailed with 3.2%, according to Central Election Commission data.  

Putin said the election protests had no effect and people who spoiled ballot papers should face investigation and criminal punishment. 

He confirmed to reporters at a news conference that he’d agreed to swap Navalny for unidentified people held in Western jails days before the anti-Kremlin critic’s death, on condition that he never returned to Russia. 

“That’s life,” Putin said, calling Navalny’s death a “sad event” and referring to him by name for the first time in years.

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.

The Kremlin secured the result through “electoral manipulation and fraud,” said Maria Snegovaya, senior fellow with the Europe, Russia, and Eurasia Program at the Washington-based Center for Strategic and International Studies. The goal was to show Russian society is united behind Putin’s “long-term fight against not just Ukraine but the West and the liberal international order more broadly.”

An emboldened Putin is preparing for a long confrontation with the West, according to five people with knowledge of the situation, asking not to be identified because the matter is sensitive. 

The Kremlin is putting the squeeze on countries such as Moldova, the Baltic states and those in the Caucasus region in the name of protecting Russian minorities. European leaders have warned openly about the risks of a Russian attack on a NATO member state, and fear the US may abandon them if Donald Trump regains the presidency in November.

Russia’s economy has largely weathered the shock of unprecedented international sanctions since Putin began the February 2022 invasion, thanks to a continuing flow of energy revenue and a massive injection of government spending to support the defense industry and shield domestic businesses. Trade with China is booming as Russia reorients its economy away from markets in Europe.

The election allowed the Kremlin to demonstrate Putin’s support in the country to Russia’s elites, according to Nikolay Petrov, a visiting fellow at the Berlin-based SWP think tank. “The most important thing for the Kremlin is that Putin is left with the feeling of a beautiful image and a real victory,” however deceptive, he said.

The pseudo-election in #Russia is neither free nor fair, the result will surprise nobody. Putin's rule is authoritarian, he relies on censorship, repression & violence. The "election“ in the occupied territories of #Ukraine are null and void & another breach of international law.

— GermanForeignOffice (@GermanyDiplo) March 17, 2024

Russia organized voting in occupied areas of Ukraine and claimed turnout far exceeded 80%, even as millions of people have fled the regions since the invasion. The foreign ministry in Kyiv said the “pseudo-elections” were illegal. 

Ukraine waged an intensified campaign of drone attacks aimed at key Russian infrastructure including oil refineries in the weeks leading up to the election that continued over the weekend. Authorities briefly restricted operations at three of Moscow’s airports on Sunday after a drone was downed near the Domodedovo area of the capital.

Russia occupies about a fifth of Ukraine including Crimea, which it illegally annexed in 2014. Putin in 2022 declared four regions of eastern and southern Ukraine to be “forever” part of Russia, even as his forces don’t fully control them.

Putin dismissed prospects for a halt to the war in a televised interview last week, saying he’s not interested in a “pause” that would allow Ukraine to rearm. Russia wants written security guarantees to end the fighting and the “realities on the ground” should be the basis for any negotiations, he said.

“In the last two years, the Putin regime has rebuilt every element of itself to adapt to a permanent state of war,” said Andrei Kolesnikov, a senior fellow at the Carnegie Endowment for International Peace.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Former top Russian official admits the country is over Putin and can ‘imagine a future without him’ — even elites bail as Kremlin seizes their assets 
PoliticsRussia
Former top Russian official admits the country is over Putin and can ‘imagine a future without him’ — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
5 minutes ago
Trump’s IRS suit may end with a $1.7 billion compensation fund
PoliticsDonald Trump
Trump’s IRS suit may end with a $1.7 billion compensation fund
By Zoe Tillman, Chris Strohm, Hadriana Lowenkron and BloombergMay 16, 2026
2 hours ago
World’s largest aircraft carrier returns from 11-month deployment, longest since Vietnam, after supporting Iran war and Maduro raid
PoliticsMilitary
World’s largest aircraft carrier returns from 11-month deployment, longest since Vietnam, after supporting Iran war and Maduro raid
By The Associated PressMay 16, 2026
2 hours ago
Ray Dalio says China’s ascent ushers in era of ‘tribute system’
AsiaChina
Ray Dalio says China’s ascent ushers in era of ‘tribute system’
By David Westin, Edward Dufner and BloombergMay 16, 2026
2 hours ago
trump
PoliticsElections
Trump voter remorse is almost entirely concentrated in the swing voters who gave him a shot in 2024
By Tatishe Nteta, Adam Eichen, Jesse Rhodes and The ConversationMay 16, 2026
7 hours ago
hoeg
HealthFDA
RFK ally confirms she was fired by FDA: ‘I learned so much and leave with no regrets’
By Matthew Perrone and The Associated PressMay 16, 2026
8 hours ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
10 hours ago
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
3 days ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Current price of oil as of May 15, 2026
Personal Finance
Current price of oil as of May 15, 2026
By Joseph HostetlerMay 15, 2026
1 day ago
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Future of Work
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
By Jake AngeloMay 16, 2026
14 hours ago
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
Future of Work
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
By Jacqueline MunisMay 16, 2026
10 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.