From the myway.com article:

Dmitry Medvedev was inaugurated as Russia’s president on Wednesday, pledging to bolster the country’s economic development and civil rights, in what may signal a departure from his predecessor’s heavy-handed tactics.

Medvedev took the oath of office in the Kremlin’s golden-hued Andreyevsky Hall, bringing to an end Vladimir Putin’s eight years as president. But Putin is sure to continue to wield huge influence in the country.

Little more than two hours after becoming president, Medvedev nominated Putin to be prime minister.

Read the full article here.