Putin Speaks on The BIG Issues

Allegations of personal involvement in the Democrats’ electoral defeats in the US, the threat of a nuclear arms race, and the potential for a Syria ceasefire – all of these were among the issues that came up at Russian President Vladimir Putin’s annual media conference.

This year was Putin’s 15th question and answer session with journalists from Russia and leading international outlets. As in the past, it focused on domestic economic and political problems, but journalists also asked about Russia’s role in global affairs.

If we are in an arms race, the US started it

Putin said Russia was forced to improve its nuclear weapons after the US pulled out of the Anti-Ballistic Missile (ABM) Treaty in 2002. Therefore, if the two countries were in a nuclear arms race, it was initiated by Washington, Putin said.

“When one party unilaterally withdrew from the treaty and said it was going to create an anti-nuclear umbrella, the other party has to either create a similar umbrella – the necessity of which we are not sure about, considering its questionable efficiency – or create effective ways to overcome this anti-ballistic missile system and improve its strike capabilities,” the Russian president told journalists.

He added that the US too was upgrading its nuclear arsenal, including tactical nuclear weapons deployed in Europe.

“In Turkey, in Britain, in the Netherlands a replacement of American tactical nuclear weapons is underway,” he said, addressing a BBC correspondent who had asked about the nuclear issue. “I hope that your program audiences and internet users know about that.”

Democrats should learn to lose with grace

Putin reiterated his denial of interfering with the US presidential election, saying that the Democratic Party just wanted to blame all their failures on somebody else.

“The Democratic Party lost not only the presidential election, but also elections in the Congress, where the Republicans now have a majority. Was that my doing too?” the Russian president asked. “Everything points to systematic problems in the current administration.”

He added that the party’s latest defeat came during the vote by the Electoral College this week. Two of the electors turned their back on Trump while five broke the Democrat ranks and refused to vote for Clinton.

“They are losing on all fronts and look for someone else to blame. I believe, this is, how should I say, humiliating. One should know how to lose with grace,” he said.


Cooperation between Turkey, Iran and Russia has made possible the resolution of hostilities in Aleppo, Putin said, describing the end of the evacuation of rebel fighters from the Syrian city. The president called the evacuation the “largest international humanitarian action in the world.”

“We organized it and moved people in thousands and tens of thousands. Not only the armed radicals and their supporters, but also women and children,” he said.

“This couldn’t have happened without the active work of the Turkish leadership, the Turkish president, the president of Iran and the entire Iranian leadership. We contributed to it actively too. And of course this couldn’t have happened without the goodwill and work of Syrian President [Bashar] Assad and his people.”

Putin added that the interests of other regional powers, such as Saudi Arabia, Jordan and Egypt, as well as the opinion of America, were all taken into consideration. The next goal in Syria is a nationwide ceasefire and political settlement, the Russian leader said, adding that Moscow had suggested that Kazakhstan hosts peace talks on the matter.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.