The legislation allows him to run for two more six-year terms once his current stint ends in 2024. It follows changes to the constitution last year.
Those changes were backed in a public vote last summer and could allow Putin, 68, to potentially remain in power until the age of 83. He is currently serving his second consecutive term as president and his fourth in total.
The reform, which critics cast as a constitutional coup, was packaged with an array of other amendments that were expected to garner popular support, such as one bolstering pension protections.
The law signed by Putin limits any future president to two terms in office, but resets his term count. It prevents anyone who has held foreign citizenship from running for the Kremlin.
The legislation was passed in the lower and upper houses of parliament last month.
In Other News: 21 Die in Easter Holiday Road Carnage
A total of 21 people died from the 193 accidents that were recorded during the just-ended Easter holiday. In a statement issued by police spokesperson Esther Mwaata Katongo, 29 road traffic accidents were serious.
“During this year’s Easter Holiday, a total number of 193 road traffic accidents were recorded, 21 were Fatal in which 21 persons were killed, 29 were serious road traffic accidents in which 50 persons were...learn more