Ukraine war live updates: Putin sworn in for the fifth time ahead of government reshuffle; West boycotts inauguration

This is CNBC's live blog tracking developments on the war in Ukraine. See below for the latest updates. 

Vladimir Putin was sworn in on Tuesday as Russia's president for the fifth time in his political career.

Putin's allies heaped praise on the strongman leader ahead of the inauguration ceremony in the Kremlin, saying society is consolidated around the president, who first took office 24 years ago.

The Russian government will resign after the ceremony and a reshuffle will take place in the next few days and weeks. Close followers of Russian politics will be looking to see which allies — several of whom have been in ministerial posts for many years — he will keep close and who will be demoted.

Western nations boycotted the ceremony in light of Russia's ongoing invasion of Ukraine, with the U.S. and U.K. among the countries refusing to send diplomats to the inauguration.

Vladimir Putin is about to be inaugurated for a fifth term in office that will run until 2030. The inauguration will be followed by the resignation of Prime Minister Mikhail Mishustin's government.

The Cabinet's resignation is not unusual as it's mandated by the Russian Constitution, but it'll be interesting to see which officials remain in post, and who's promoted or demoted.

"This largely formal step will be used to reshuffle the cabinet, with PM Mishustin widely expected to continue in his role," Andrius Tursa, Central and Eastern Europe advisor at risk consultancy Teneo, said in a note Tuesday.

"The new cabinet is expected to be approved by both chambers of parliament and president within around two weeks," he said.

"One immediate priority for the Mishustin 2.0 cabinet will likely be tax changes corresponding to Putin's calls for 'a more equitable