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That of course is the other question em10. Russia has elections but it is not a democracy. Everything is tightly managed from the top and only candidates deemed not to be a threat to the ruling elite are allowed to stand, both in presidential and duma elections.
Nonetheless there is plainly a huge discrepancy between Medvedev's view of how to run the country, and Putin's. Additionally they are, for a variety of reasons - mainly bad -the only two politicians who have the remotest chance of election, even were the elections to be held fairly. In an ideal world, they'd put their different views of how to deal with Russia's problems to the Russian people, who would, in a landmark election, decide the future direction of the largest country on the planet.
In the worst of all worlds, Putin returns, having served the time-out the constitution demanded of him, to triumph in a hopelessly lop-sided election featuring himself, the eternal communist Zhuganov, comedy ultra-nationalist Zhirinovsky and probably a 4th joke candidate, just to show Russia is really "democratic" lol. He then does 12 years on the trot, as, while no-one was looking, the parliament voted to extend the presidential term to 6 years.
But, who knows? Maybe not even the main players themselves ...