The ceremony was held for the first time in the Grand Kremlin Palace and lasted exactly one hour.

Prime Minister Vladimir Putin became Acting President of Russia and won the 2000 Russian presidential election with more than fifty percent of the votes.

The first speech was made by Chairman of the Central Election Commission of Russia Alexander Veshnyakov.

After the national anthem, Boris Yeltsin made a speech in which Putin congratulated, wished success and encouraged to continue to build a new democratic Russia.

Vladimir Putin, left St. Andrew's Hall on the accompaniment of the song "Glory" to the music of Mikhail Glinka and Artillery salute.

At the end of the ceremony, Boris Yeltsin and Vladimir Putin accepted congratulations.

But I understand that your support – this is only an advance power in general and, of course, to me, is entering today in the position of President of the country.

A peaceful succession of power – an essential element of political stability, which we dreamed with you, to which aspired, which sought.

The path to a free society was not simple and easy, in our history have been tragic, and bright pages.

We must cherish the achievements, preserve and develop democracy, to make sure that the power elected by the people working in its interests, defending Russian citizen everywhere in our country, and abroad, to serve the public.

Here, in the walls of the Kremlin's centuries history was made in our country, and we have no right to be "Ivans, not mindful of kinship."

I believe their sacred duty to unite the Russian people, to gather citizens around clear goals and objectives, and every day and every minute to remember that we have one Motherland, one nation, we have one thing in common with you future.