Key points from Putin’s annual news conference on Trump, the Ukraine conflict, and Russia’s economy

Here are some key excerpts from Russian President Vladimir Putin‘s annual phone-in and news conference.

ON TRUMP

Firstly, I am uncertain when we will have a meeting, as he has not indicated anything about it. I have not communicated with him at all for over four years. I am, of course, open to a meeting at any time should he wish to engage.
(To a reporter) – You mentioned that this conversation would occur while I am in a weakened state. My dear colleague, you and those who fund your position in the United States would prefer to see Russia in a diminished capacity. I hold a different perspective; I believe that Russia has significantly strengthened over the past two to three years.

ON WILLINGNESS TO NEGOTIATE WITH UKRAINE

We have consistently expressed our readiness for negotiations and compromises; however, the other side has, both literally and figuratively, declined to engage in talks.
I believe that soon, those Ukrainians who are willing to fight will dwindle, and there will be few left who wish to continue. We are prepared, but the other side must also be willing to engage in negotiations and compromises.

ON RUSSIA’S NEW ORESHNIK HYPERSONIC MISSILE

There is no possibility of intercepting these missiles…

Let Western experts suggest a technological experiment, perhaps a high-tech duel of the 21st century. They could select a target for destruction, such as in Kyiv, and concentrate all their air defense and missile defense resources there. We would then launch an Oreshnik strike and observe the outcome. We are ready for such an experiment; the question is, is the other side prepared?

ON THE WAR IN UKRAINE

The situation at the front is evolving rapidly, with significant movements occurring along the entire front line on a daily basis. We are making progress towards achieving the primary objectives we established at the outset of the special military operation. The bravery displayed by our forces is commendable, and they continue to fight valiantly. Let us extend our best wishes for success and safe returns to all those engaged in combat, including those in the Kursk region and throughout the front line.

ON THE ECONOMY

The economic landscape in Russia remains stable and normal, and we continue to develop despite external challenges and attempts to exert influence over us. However, inflation is a concerning indicator that requires attention. There are challenges, including inflation and signs of economic overheating, which the government and the central bank are addressing to moderate the pace of growth. Some experts suggest that the central bank could have implemented certain measures, unrelated to increasing the key interest rate, more effectively and sooner. While the central bank began taking action in the summer, these experts believe earlier intervention was warranted. The rise in prices is indeed troubling, but I remain optimistic that we can manage this situation while maintaining our macroeconomic stability.