MOSCOW (Reuters) - Dmitry Medvedev was sworn in as Russian president on Wednesday and nominated his predecessor Vladimir Putin as prime minister, ushering in an unprecedented period of dual rule.

Medvedev, a 42-year-old former corporate lawyer and longtime Putin ally, stressed freedom and the rule of law in his first remarks after taking the oath of office in a solemn, emotional ceremony in the Kremlin's glittering St Andrew's Hall.

"I believe my most important aims will be to protect civil and economic freedoms," he told guests at the inauguration, broadcast live on state television.

"We must fight for a true respect of the law and overcome legal nihilism, which seriously hampers modern development."

Shortly afterwards, the government led by Prime Minister Viktor Zubkov followed protocol by resigning. This cleared the way for Medvedev to nominate Putin as prime minister as the carefully choreographed transition unfolded.

The new leader, who arrived at the Kremlin alone in an armored black stretch Mercedes limousine flanked by 11 motorcycle outriders, inherits a booming $1.3 trillion economy fuelled by high oil prices -- and a sobering set of challenges.

They include rampant corruption, rising inflation, a falling population, sickly industry and agriculture and increasingly tense relations with former Soviet neighbors and the West.
Russia's Medvedev takes power, pledges freedom | International | Reuters

Thought this would be a change from U.S. politics. Rising inflation seems to be a world wide theme these days.

Have a good one!:s4:
Psycho4Bud Reviewed by Psycho4Bud on . Russia's Medvedev takes power, pledges freedom MOSCOW (Reuters) - Dmitry Medvedev was sworn in as Russian president on Wednesday and nominated his predecessor Vladimir Putin as prime minister, ushering in an unprecedented period of dual rule. Medvedev, a 42-year-old former corporate lawyer and longtime Putin ally, stressed freedom and the rule of law in his first remarks after taking the oath of office in a solemn, emotional ceremony in the Kremlin's glittering St Andrew's Hall. "I believe my most important aims will be to protect Rating: 5