Vladimir Vladimirovich Putin is serving a six year term as President of Russia since he was elected in 2012. He topped the 2013 Forbes list of most powerful people in the world.
Putin previously served as President from 2000 to 2008. He was Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012. For 16 years Putin served as an officer in the secret service, KGB, rising to the rank of Lieutenant Colonel. . From 1985 to 1990, the KGB stationed Putin in Dresden, East Germany, returning to Russia then and entering politics in his native Saint Petersburg in 1991.
As fallout over the Panama papers continues, Russian President Vladmir Putin has acknowledged that many of his friends, prominent Russians, do own offshore companies. But he says that he has done nothing wrong and accuses the U.S. is leading a campaign against him.
In Russia, reactions to the Panama papers have been very different to other places. There, the Kremlin is dismissing the findings of the International Consortium of Investigatitive Journalism which point to large scale money laundering by friends and associates of Russian President Vladimir Putin. From Moscow, Charles Maynes reports.
The Russian president has issued several executive orders creating a new internal security body. The new National Guard will likely take part in the "suppression of unauthorized mass actions," a Kremlin spokesman said.