Author`s name Dmitry Sudakov

Putin to bid farewell to many of his social and material values

Vladimir Putin will have to bid farewell not only to his power, but many of his material possessions when he steps down after the presidential election in Russia. Putin will hand over his official residences, vehicles, special communication means and security to his successor, Dmitry Medvedev, who already has all chances to become the new president of Russia.

Putin as the ex-president will not be left without social and material values. Many of Putin’s foreign counterparts may envy him at this point.

In accordance with the law of the Russian Federation “About Guarantees to the President Who Ends His Powers” Vladimir Putin will preserve diplomatic immunity after the presidential election of March 2. He can not be called into criminal or administrative account for acts which he committed during his stay in the office. An exception can be made only with incidents of grave offense.

The former president will be able to use the state security, special communication means and transport servicing for term of life. He will also receive the monthly allowance in the amount of 75 percent of the monthly financial incentive paid to the president of Russia (equals about $5,000). The former president also preserves the right for insurance, as well as medical, sanatorium and spa treatment.

Also read: Pictures of shirtless Putin send straight women and gay men in ecstasy

The ex-president of Russia is allowed to keep a group of assistants and use official denegation halls. In addition, the former head of state also has a right to use one of state-owned cottages for life.

As for the cottage, Putin has already decided to keep his residence in Novo-Ogarevo (the Moscow region). The residential address of the new president is not known yet.

Viktor Khrekov, the press secretary of the presidential administration said that the head of state has three official residences: the Kremlin, Novo-Ogaryovo and Bocharov Ruchei Residence in the city of Sochi, on the Black Sea coast of Russia.

Most likely, the next president will take possession of Bocharov Ruchei when his term in the office expires.

The official residence for Russia’s new president (most likely Dmitry Medvedev) will be picked from the housing reserve of the Moscow region. “Neither the would-be, nor the outgoing president will be left without residences. We have enough houses that could become residences,” Viktor Khrekov said.

George W. Bush will become USA’s ex-president in November of the current year too. The USA also has a special law pertaining to the status of its ex-presidents. In addition to the pension, the amount of which equals the salary of a federal minister (about $160,000 a year), Bush and his family members will enjoy personal security, as well as office and personal archive maintenance.

Until 1997 all former presidents of the United States were protected by the Secret Service until the president’s death. The last president to have lifetime Secret Service protection is Bill Clinton; George W. Bush and all subsequent presidents will be protected by the Secret Service for a maximum of ten years after leaving office.

Some presidents have had significant careers after leaving office. Prominent examples include William Howard Taft's tenure as Chief Justice of the Supreme Court and Herbert Hoover's work on government reorganization after World War II. More recently, Jimmy Carter has become a global human rights campaigner, international arbiter and election monitor, and a recipient of the Nobel Peace Prize. Other former presidents have served in elected office after leaving the White House; Andrew Johnson was elected to the Senate after his term was over, and John Quincy Adams served in the House of Representatives for eighteen years. Grover Cleveland, whose bid for reelection failed in 1888, was elected president again four years later in 1892. John Tyler served in the provisional Confederate States Congress during the Civil War, and was elected to the official Confederate Congress, but died before it convened.

AP photo

Translated by Dmitry Sudakov

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