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Putin insists he won't be president for life: It would be 'detrimental' for Russia

Russian President Vladimir Putin says he probably won't run Moscow forever, though he could run for another six-year term in 2018.

"This is not good and detrimental for the country and I do not need it as well," Putin said when asked if he wanted to be president for life, according to Russian state media.

The 62-year-old Putin has been president since 2000, excepting a four-year stint, from 2008 to 2012, when he served as prime minister. Putin was overwhelmingly re-elected to the presidency in 2012 in a race marred by rampant accusations of fraud .