Vladimir Putin's constitutional term as Russia's president runs through 2030, following his overwhelming 2024 re-election amid constitutional changes enabling potential service until 2036, with traders pricing a 90.5% chance he remains in office by year-end 2026. No official announcements of resignation, incapacity, or early elections have emerged, and recent Kremlin directives emphasize grooming Ukraine war veterans for future leadership, signaling long-term continuity rather than imminent transition. Persistent economic contraction and war strains have prompted Putin to call for analysis, but his unchallenged control over security forces and elite loyalty sustains stability, leaving scenarios like a coup, severe health crisis, or elite fracture as rare outliers capable of shifting odds.