by Summary:
And so, in last month’s address to Russia’s National Assembly Putin sounded note of complete and utter disdain and contempt for his “Western partners,” as he has usually called them. This time he called them “swine.” The address contained almost no bad news and quite a lot of very good news. Russia’s financial reserves are more than sufficient to cover its entire external debt, both public and private. Non-energy-resource exports are booming to such an extent that Russia no longer needs oil and gas exports to maintain a positive balance of trade. It has become largely immune to Western sanctions. Eurasian integration projects are going extremely well. Russian government’s investments in industry are paying dividends. The government has amassed vast amounts of capital which it will now
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And so, in last month’s address to Russia’s National Assembly Putin sounded note of complete and utter disdain and contempt for his “Western partners,” as he has usually called them. This time he called them “swine.” The address contained almost no bad news and quite a lot of very good news. Russia’s financial reserves are more than sufficient to cover its entire external debt, both public and private. Non-energy-resource exports are booming to such an extent that Russia no longer needs oil and gas exports to maintain a positive balance of trade. It has become largely immune to Western sanctions. Eurasian integration projects are going extremely well. Russian government’s investments in industry are paying dividends. The government has amassed vast amounts of capital which it will now
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And so, in last month’s address to Russia’s National Assembly Putin sounded note of complete and utter disdain and contempt for his “Western partners,” as he has usually called them. This time he called them “swine.”
The address contained almost no bad news and quite a lot of very good news. Russia’s financial reserves are more than sufficient to cover its entire external debt, both public and private. Non-energy-resource exports are booming to such an extent that Russia no longer needs oil and gas exports to maintain a positive balance of trade. It has become largely immune to Western sanctions. Eurasian integration projects are going extremely well. Russian government’s investments in industry are paying dividends.
The government has amassed vast amounts of capital which it will now spend on domestic programs designed to benefit the people, to help Russians live longer, healthier lives and have more children. “More children—lower taxes” was one of the catchier slogans.
This was what most of the address was about: eradication of remaining poverty; low, subsidized mortgage rates for families with two or more children; pensions indexed to inflation above and beyond the official minimal income levels (corrected and paid out retroactively); high-speed internet for each and every school; universal access to health care through a network of rural clinics; several new world-class oncology clinics; support for tech start-ups; a “social contract” program that helps people start small businesses; another program called “ticket to the future” that allows sixth-graders to choose a career path that includes directed study programs, mentorships and apprenticeships; lots of new infrastructure projects such as the soon-to-be-opened Autobahn between Moscow and St. Petersburg, revamped trash collection and recycling and major air pollution reductions in a dozen major cities; the list goes on and on.
