LONDON – Vladimir Putin has just been inaugurated for a third term as President of the Russian Federation. But the event’s pageantry could not mask that his return to the presidency, after a four-year stint as Prime Minister, is far from triumphant. On the contrary, Putin, who has been in power since 2000, represents the specter of stagnation that haunts Russia – a specter that wants at least another two six-year terms as President.
The contrast between the transition at the Kremlin and China’s upcoming – and strictly choreographed – power transfer could hardly be starker. This autumn, all nine members of the Politburo Standing Committee, including the country’s president, Hu Jintao, and premier, Wen Jiabao, will step down, and at least 14 members of the 24-member Politburo will retire, making way for a new generation of leaders.