This photo taken on Dec. 7, 2023 shows a screen displaying Russian President Vladimir Putin attending the 14th VTB "Russia Calling!" Investment Forum in Moscow, Russia. (Photo by Alexander Zemlianichenko Jr/Xinhua)

MOSCOW, Dec. 8 (Xinhua) -- Russian President Vladimir Putin confirmed on Friday his plans to run for reelection next year, said the Kremlin.

The announcement was made during an informal conversation between Putin and participants of Russia's special military operation, following a ceremony where he awarded Gold Star medals to Heroes of Russia.

"I won't hide that I have had various thoughts at different times. But now, you are right, now is the time to decide. I will run for President of the Russian Federation," the Kremlin said, citing Putin.

On Thursday, Russia's Federation Council, or upper house of parliament, voted unanimously to hold the next presidential elections on March 17, 2024.