Vladimir Putin remains in office as president of Russia, with his current six-year term running until 2030 following the 2024 election. Trader consensus prices near-term departure as low probability, reflecting institutional continuity after United Russia’s strong September 2026 parliamentary results and recent cabinet adjustments that appear to reinforce rather than erode his position. Active diplomacy, including October 2026 calls with European leaders and meetings with U.S. envoys on Ukraine peace talks, alongside Kremlin dismissal of health-related resignation rumors, supports the current pricing. Markets assign slightly higher odds to mid-2027 dates, acknowledging that developments in the Ukraine conflict, internal elite dynamics, or legislative changes could still alter the timeline within the resolution windows.