Russia’s Vladimir Putin has said he will seek another term as president, in next year’s election.

He made the announcement in a speech to workers at a car factory.

“I will put forward my candidacy for the post of president of the Russian federation,” he said according to a report by BBC News.

Mr. Putin has been in power since 2000, either as president or prime minister. If he wins the March election he will be eligible to serve until 2024.

A Russian TV journalist has already said she will stand in the election but opinion polls suggest Mr. Putin will win easily.

Russia’s main opposition leader, Alexei Navalny, has been formally barred from standing because he was found guilty of embezzlement – a charge he claims was politically motivated.

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