On 31 December 1999, in a surprise announcement aired at 12:00 (at noon) MSK on Russian television and taped in the morning of the same day, Yeltsin said he had resigned and Prime Minister Vladimir Putin had taken over as acting president, with elections due to take place on 26 March 2000. Yeltsin asked for forgiveness for what he acknowledged were errors of his rule, and said Russia needed to enter the new century with new political leaders. Yeltsin said: "I want to beg forgiveness for your dreams that never came true. And also I would like to beg forgiveness not to have justified your hopes."