Vladimir Putin said there is no need for a new Consitution, but offered some changes to the existing one.
He said he agrees with the notion that the limitation of two consecutive terms should for the presidential position should be removed, but added he doesn't believe that this is a "principal" issue. There has been speculation in the past weeks that the law could be amended so that the President can serve more than two back-to-back terms.
The president offered to ban Russian lawmakers, prime ministers, governors and other key officials from having foreign citizenship or residence permit.
He also offered to limit the president's power to appoint members of the government and increase the Parliament's power in this regard. His idea is that the president should not be able to reject the candidates picked by the Parliament.
Vladimir Putin maintaned, however, that Russia should remain a "strong presidential republic", with the president being able to dismiss the prime minister and his deputies, remaining in charge of the military and exercising a great control over the judiciary.
The President believes that the Constitution should have a priority over international laws where they contradict the Russian legislation.
He went on to propose a popular vote on any changes to the basic law.