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Putin says not going to step down - Kremlin spokesman

September 16, 21:23 UTC+3 MOSCOW

Russia's president said this in a conversation with the Chinese business magnate Jack Ma at the Eastern Economic Forum

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MOSCOW, September 16. /TASS/. Russian President Vladimir Putin told Chinese business magnate Jack Ma, the co-founder and executive chairman of the Alibaba Group, he is not going to retire, Putin’s press secretary Dmitry Peskov said in an interview with the Rossiya-1 television channel.

Recalling Putin’s meeting with businessmen at the Eastern Economic Forum in Russia’s Vladivostok earlier in September, Peskov said that Putin had asked whether the Chinese businessman was really planning to step down. "The entire world mooted the news that Jack Ma was planning to retire and, naturally, Putin asked Jack Ma: "Are you really going to retire, with your energy?", -  Peskov recounted Putin’s words. "It was said by the president, who is 65, but as he told Jack Ma: "I am not going to step down. I have no such plans.’"

The New York Times said earlier Jack Ma was planning to step down from his role in his company from September 10, when he turned 54. His competences are expected to go over to Director General Daniel Zhang.

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