Dmitry Medvedev is being inaugurated as Russia's third president since the collapse of the Soviet Union in 1991.
The Kremlin Palace ceremony is taking place in front of 2,400 invited guests. For the 42-year-old, the inauguration caps a sharp ascendance from obscurity. But while Vladimir Putin is handing over the reigns of power, his central role in the ceremony reflects the part he has to play in Russia's future. The 55-year-old, who was not allowed to run for a third consecutive term as president, will not be retiring but instead will become prime minister.
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Putin accepts leadership of United Russia ... Welle)
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