Tags: vladimir putin | state of the nation | speech | russia

Vladimir Putin State of the Nation Speech: Stay Strong in Economic Slump

Image: Vladimir Putin State of the Nation Speech: Stay Strong in Economic Slump
Russia's president Vladimir Putin enters St. George's Hall of Moscow's Kremlin prior to his annual address to the Federal Assembly. (Mikhail Japaridze/ITAR-TASS/Landov)

By    |   Thursday, 04 Dec 2014 01:43 PM

Vladimir Putin urged his countrymen to stay strong during Russia's hard times in his annual state of the nation speech Thursday, which came on the heels of a 9-percent drop in the value of the ruble against the dollar earlier this week.

Although the ruble rallied later in the day, Russia continues to battle challenging economic times caused in part by falling oil prices and sanctions against the country for its actions in Ukraine, according to the BBC.

Putin also defended Russia’s actions in Ukraine in the speech, saying that annexing the Crimean peninsula was important because the area had a "sacred meaning" for his country. He also said Western countries were trying to raise a new "Iron Curtain" around Russia.

"The deterrence policy was not invented yesterday," the Russian president said. "It has been always conducted toward our country, for decades, if not centuries. Every time somebody considers Russia is becoming too powerful and independent, such instruments are turned on immediately."

In his speech, Putin also attacked the liberal attitudes of the Western world toward gay rights, The Independent reported.

Citing "genderless and fruitless so-called tolerance" which puts "good and evil" on equal footing, The Independent quoted Putin as saying, "In many countries today, moral and ethical norms are being reconsidered; national traditions, differences in nation and culture are being erased. They're now requiring not only the proper acknowledgement of freedom of conscience, political views and private life, but also the mandatory acknowledgement of the equality of good and evil, which are inherently contradictory concepts."

In analyzing Putin’s speech, Standard Bank analyst Tim Ash told the BBC that he was "not seeing any new big ideas in this speech which are going to help the Russian economy, or ease market pressure on Russian assets. This is old school, Cold War stuff."

The BBC said the ruble has lost 40 percent of its value in the last year, and government officials have warned Russian citizens of a recession in the next year.

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
TheWire
Vladimir Putin urged his countrymen to stay strong during Russia's hard times in his annual state of the nation speech Thursday, which came on the heels of a 9-percent drop in the value of the ruble against the dollar earlier this week.
vladimir putin, state of the nation, speech, russia
334
2014-43-04
Thursday, 04 Dec 2014 01:43 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved