With the ruble free falling value, and the Russian economy in serious trouble, Putin took to the stage in an end of year speech, boldly proclaiming that Russia would recover from its economic woes within a few short years, and hanging blame on “external factors.” He expressed his intention to diversify the economy, now heavily dependent on oil and gas, and under attack on the volatile international market. Putin was branded by many as ‘defiant’ in the 3 hour press conference, accusing the U.S. of being an empire and blaming it for the ongoing Ukraine crisis. He even speculated on the possibility of an internal coup in attempt to oust him, despite his widespread popularity and heavy handed tactics. He stated: “Are we the ones moving troops towards the U.S.
Read more about Wounded Bear: Putin Lashes Out at Economic Woes, U.S. Imperialism, “Certain Situation to Improve Within 2 Years”
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