Putin to Seek Presidency in 2012

Putin to Seek Presidency in 2012:

NEW YORK (TheStreet) -- Russian Prime Minister Vladimir Putin will seek the president's job in next year's elections.

The current president, Dmitry Medvedev, Saturday backed his predecessor's bid, ending months of speculation about whether he or Putin would run.

Putin left the president's office in 2008 because of term limits and became Medvedev's prime minister.

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