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The Russian President-elect, Vladimir Putin said today that he would resign from his leadership post of Russia's ruling party and hand it over to his future Prime Minister, Dmitry Medvedev. Mr. Putin had chaired United Russia while serving as Mr. Medvedev's Prime Minister for the past four years. Both will swap jobs after the May 7 inauguration and Mr. Putin said it would only be logical for Mr. Medvedev to take his seat at the party as well. United Russia held two-thirds control of Parliament and dominated most regional legislatures across the country for the past four years.

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