Putin Has Been Sworn In For Fourth Term As Russian President

The Russian President, Vladamir Putin, has promised to pursue an economic agenda that would boost living standard across the country, as he is sworn in as Russain President for his fourth term. 

The President said improving Russia's economy following a recession, partly linked to international sanctions, would be a primary goal of his next six-year term.

Speaking to thousands of guests, at the Andreevsky Hall of the Grand Kremlin Palace, he said:

"We must use all existing possibilities, first of all for resolving internal urgent tasks of development, for economic and technological breakthroughs, for raising competitiveness in those spheres that determine the future,"

"A new quality of life, well-being, security and people's health - that's what's primary today," 

President Putin has gained lots of attention around the world through military action and he has been criticised for inadequate efforts to diversify Russia's economy away from its dependence on oil and gas exports and to develop the manufacturing sector.

He has been in power for 18 years, although he stepped down from the presidency in 2008 because of term limits, but was named Prime Minister and continued to steer the country until he returned as president in 2012.

He held on to the presidency in March's election when he won 77% of the vote.