Putin’s current presidential term, secured in the 2024 election under the 2020 constitutional amendments that reset term limits, extends through 2030 and permits two further six-year terms through 2036. Recent public schedule items, including his June 2026 keynote address at the St. Petersburg International Economic Forum and remarks at the CSTO summit, demonstrate continued active leadership without announced plans for early departure. Longstanding health speculation persists but lacks verified confirmation of incapacity, while the Russian political system shows no organized elite challenge or institutional pressure that would force a change before year-end 2026. Traders price the low probability of removal accordingly, consistent with historical patterns of consolidated executive authority and the absence of scheduled electoral or succession events in the near term.