Sunday 4 December 2016

Putin says he shares the pain of Russians in recession

Andrew Osborn in Moscow

Published 15/04/2016 | 02:30

Russian President Vladimir Putin arrives for a live broadcast nationwide call-in in Moscow.
Russian President Vladimir Putin arrives for a live broadcast nationwide call-in in Moscow.

President Vladimir Putin assured ordinary Russians that he was trying to relieve the hardships they face, with the economy in recession and consumer prices pushed up as a consequence of the Kremlin's standoff with the West.

  • Go To

Putin used a televised phone-in, an annual event when he fields questions from ordinary citizens around the country, to strike a conciliatory tone on foreign policy, saying Russia wanted friendly relations with the rest of the world.

Early questions to Putin focused on the economy, which shrank 3.7pc last year, a result of falling prices for oil made worse by the effects of international sanctions imposed on Russia over the conflict in Ukraine.

"I understand it's difficult," Putin said in response to a question about inflation, which was 12.9pc in 2015. Prices were pushed up by an embargo on food imports from Europe that the Kremlin adopted in retaliation for the Ukraine sanctions.

"The rise in food prices is a temporary phenomenon. Prices will stabilise," he said.

In response to a question from a woman called Yekaterina, from the Siberian city of Omsk, he said extra money would be ring-fenced to pay for fixing potholes in the roads. He promised measures to make medicine cheaper in pharmacies.

The Russian president offered an olive branch to investors battered by the slowdown, saying he thought highly of former finance minister Alexei Kudrin and hoped Kudrin would play a role in advising on economic policy.

Markets see Kudrin as a champion of liberal economic policy and fiscal prudence, and worry that he no longer has Putin's ear.

On foreign policy, Putin did not deploy the kind of bellicose rhetoric that he has in the past.

He denied that Russia was surrounded by adversaries, said he favoured a peaceful, negotiated resolution of the conflict in Syria, and said Russia was a friend to Turkey, even if it had differences with Turkey's leaders.

Russian-Turkish relations have been poisoned since Turkey's air force in November last year shot down a Russian warplane near the Syrian- Turkish border.

Asked who he would save if Turkish President Tayyip Erdogan and Ukraine's pro-Western leader Petro Poroshenko were both drowning in front of him, Putin was uncharacteristically diplomatic.

"If someone has decided to drown, then it's already impossible to save them. But we are of course ready to extend a helping hand, a hand of friendship, to any partner of ours that itself wants that help," Putin said.

Putin, who is divorced, dodged a question about whether he was going to remarry. He said he thought people were interested in his performance as president rather than his personal life.

But he told the questioner: "Maybe one day I will be able to satisfy your curiosity."

Separately yesterday, Russia insisted that it observed all required safety measures when its aircraft flew close to a US warship in international waters of the Baltic Sea on Monday.

According to Russia's defence ministry, the Su-24 fighter jets "turned away in observance of all safety measures" after observing the USS Donald Cook.

The ship was sailing close to a Russian navy base, the ministry said. Russia was criticised over the flybys, which a US official called "one of the most aggressive acts in recent memory".

The two Russian jets flew over the US destroyer almost a dozen times, American officials said. At one point the jets were so close - about 9m (30ft) - that they created wakes in the water around the ship.

Irish Independent

Read More

Promoted articles

Editors Choice

Also in World News