Putin signs law allowing him to stay in power for another 15 years after ruling over Russia for 2 decades

Russian President Vladimir Putin on Monday signed a law that opened the door for him to stay in power until 2036.

BUSINESS INSIDER

The Russian president's term ends in 2024, and he can now run for two more six-year terms.

This move, made possible by a referendum on constitutional amendments in 2020, means Putin could surpass Joseph Stalin as the longest-reigning leader in Russia since Peter the Great, according to Moscow Times.

Putin's critics and opponents have said he's effectively become "President For Life" via this legislation.

Widely characterized as an authoritarian president, Putin has already ruled over Russia for 20 years. By signing the law, the 68-year-old Russian president could remain in power until he's 83.