Tradelines News

Get the latest news and updates on cross-border customs and international trade.

In Kremlin Speech, Putin Rails at West, Tries to Bolster Economy as Recession Looms

Posted December 05, 2014

Under Economic Issues, International Trade Issues

(Michael Birnbaum – Washington Post)

With recession looming, Russian President Vladimir Putin said Thursday that the West has had his nation in the crosshairs for “centuries,” vowing that Russia would be unbowed in its attempts to pursue an independent and muscular foreign policy.

In an annual state-of-the-nation address delivered to Russia’s political elite, Putin blasted the West and “speculators” who he said were waging an economic war against Russia over its actions in Ukraine. He also made no concessions in response to Western sanctions on Russia, saying instead that they were a spur to bring offshore money home and to invest in domestic industry. Read more here.

Related: A Mix of Welcome Economic Ideas and Defiance of the West (Bloomberg)