#AceFinanceNews – MOSCOW:Dec.18 – Russian President Vladimir Putin blamed external factors for the country’s current economic crisis in an annual press conference.
He said he expected a return to growth by 2017 in the worst case scenario.
What he said:
|– Russians had better brace themselves for two tough years|
|– Putin maintains the situation in Ukraine is the West’s fault|
|– …however, he claims to still want a solution to the crisis and thinks Poroshenko does too|
|– The CBR could have acted more quickly|
|– He re-committed to the privatization process|
|– Putin isn’t planning to fire Igor Sechin, CEO of Rosneft|
|– Capital controls on Russian assets are not currently planned|
|– Putin will prop up mortgages after interest rates rose to 17%|
|– He wants to preserve Russia’s currency reserves|
|– Putin hasn’t decided if he wants to run again in 2018|
|– And “everything is fine” with his post-separation love life|