Putin’s entrenched control of Russia’s political institutions and security apparatus underpins the 91.5% trader consensus that he will remain president through December 31, 2026. His current six-year term, secured in the 2024 election, runs until 2030, with constitutional provisions permitting further extensions. In mid-2026 he has continued active governance, including bilateral diplomacy in Kazan, addresses on strategic economic and demographic priorities, and participation in major forums such as the St. Petersburg International Economic Forum. No verified health events, elite defections, or institutional challenges have emerged in the past month to suggest an abrupt exit. The absence of scheduled leadership transitions or credible succession signals within the resolution window reinforces the market’s assessment of continuity.