(SPUTNIK NEWS) — Russia’s incumbent president has declared his intention to seek re-election for a second consecutive term in the country’s upcoming 2018 election.

“I will be proposing my candidacy for the position of president of the Russian Federation,” Vladimir Putin said on Wednesday at a meeting with factory workers. “Russia will move only forward, and no one will ever stop it in its progress.”

After announcing his intention to participate in the election, Putin thanked the factory workers for their contribution to the country’s development.

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