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Vladimir Putin, in full Vladimir Vladimirovich Putin, (born October 7, 1952, Leningrad, Russia, U.S.S.R. On December 31, 1999, Yeltsin unexpectedly announced his resignation and named Putin acting president. Promising to rebuild a weakened Russia, the austere and reserved Putin easily won the March 2000 elections with about 53 percent of the vote. As president, he sought to end corruption and create a strongly regulated market economy.