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Putin warns of the threat of nuclear war should not be underestimated

Putin began the press conference on Thursday morning by describing Russia's economic statistics and forecasts for the coming year. Growth is estimated to have reached 1.8 percent in 2018, he says, and industrial production is estimated to have increased by 3 percent this year. He said inflation was at an "acceptable level" (it was 3.8 percent in November) and the declining unemployment rate was encouraging and would be 4.8 percent in 2018. "For the first time since 2011 we see a budget surplus and this will be around 2.1 percent of (gross domestic product), "he added. Putin's annual media issue and response meeting comes at a challenging time for the economy. Several important Russian sectors are subject to Western sanctions including the banking, infrastructure, oil and military industries. Sanctions were imposed after Russia's 201 4 annexation of the Crimea and role in a Russian insurgency in eastern Ukraine. There are restrictions on many individuals and entities alleged to have links with the government. The major oil exporter has also had a dry time with volatile oil prices over the past year. One dish Brent raw cost about SEK 67 in January. However, the price zigzagged in spring and summer and reached about $ 85 in October before it fell to its current level of $ 55. Russia formed close cooperation with the oil producer, and the OPEC leader in Saudi Arabia, to stabilize prices by reducing production. As a result of fear of a decline in world assets, both producers…

Putin began the press conference on Thursday morning by describing Russia’s economic statistics and forecasts for the coming year.

Growth is estimated to have reached 1.8 percent in 2018, he says, and industrial production is estimated to have increased by 3 percent this year. He said inflation was at an “acceptable level” (it was 3.8 percent in November) and the declining unemployment rate was encouraging and would be 4.8 percent in 2018.

“For the first time since 2011 we see a budget surplus and this will be around 2.1 percent of (gross domestic product), “he added.

Putin’s annual media issue and response meeting comes at a challenging time for the economy.

Several important Russian sectors are subject to Western sanctions including the banking, infrastructure, oil and military industries. Sanctions were imposed after Russia’s 201

4 annexation of the Crimea and role in a Russian insurgency in eastern Ukraine. There are restrictions on many individuals and entities alleged to have links with the government.

The major oil exporter has also had a dry time with volatile oil prices over the past year. One dish Brent raw cost about SEK 67 in January. However, the price zigzagged in spring and summer and reached about $ 85 in October before it fell to its current level of $ 55. Russia formed close cooperation with the oil producer, and the OPEC leader in Saudi Arabia, to stabilize prices by reducing production.

As a result of fear of a decline in world assets, both producers agreed to pump more oil in the summer. At the beginning of December, the decision was made that the Alliance decided to reduce again. Despite Russia’s confidence in oil exports for a large part of growth, Putin once again pointed out the need for structural reforms and diversification when a journalist asked why growth was not higher.

“We can not provide the necessary economic growth unless we change the structure of our economy,” he said.

Putin’s annual press conference is widely seen as a way for the Kremlin to show that it is open and responsible, but the question is usually not completely critical of Putin. According to the Russian state-owned news offer Russia Today, which delivers the conference, this year’s Q & A saw a record number of journalists accredited for the event at 1 702.

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