Russia’s September 2026 parliamentary elections delivered a strong majority for the ruling United Russia party, which Putin has cited as public backing for the military campaign in Ukraine. The vote occurred against a backdrop of escalated Ukrainian long-range strikes on Russian territory, including Moscow, and ongoing diplomatic contacts with the United States. Putin’s current term extends to 2030, with constitutional provisions allowing him to seek another term through 2036. No verified indications of health issues, elite challenges, or resignation plans have emerged in recent weeks. Succession discussions remain speculative and focus on long-term figures such as Prime Minister Mishustin or Security Council Secretary Dyumin, without evidence of an imminent leadership transition. Traders assessing near-term removal therefore weigh these structural and electoral factors against the absence of acute political shocks.