Russian President Vladimir Putin has said he will seek re-election in next March’s election.

Mr Putin’s statement came at a meeting with workers at a factory in Nizny Novgorod.

Several hours earlier, he was asked about his intentions in Moscow and signalled that he would run but stopped short of declaring his bid.

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With his approval ratings topping 80%, Mr Putin is certain to win a quick victory in the March 18 vote.

Addressing the factory workers, Mr Putin said he could not find a better place and a better moment to announce his candidacy.

Mr Putin has effectively been in power in Russia since 2000.