Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Wall Street gets Fed reality check
Wall Street gets Fed reality check - 01:51
Reuters Today: Spanish yields seen rising at auction
Reuters Today: Spanish yields seen rising at auction - 06:21
Surprise services boost points to UK recovery
Surprise services boost points to UK recovery - 02:54
Breakingviews: Do as I say, not as I do – German wages
Breakingviews: Do as I say, not as I do – German wages - 05:04
Market Pulse: Spain under fire as investors shun bond sale
Market Pulse: Spain under fire as investors shun bond sale - 03:28
Myanmar's Kyat begins managed float
Myanmar's Kyat begins managed float - 01:59
ASEAN: territorial code of conduct draft by year-end
ASEAN: territorial code of conduct draft by year-end - 01:48
U.S. Morning Call: Stock futures down, JPMorgan to be fined
U.S. Morning Call: Stock futures down, JPMorgan to be fined - 02:08
EMEA Day Ahead:: Thursday
EMEA Day Ahead:: Thursday - 03:13
3XSQ: Customer funds in question; royal return
3XSQ: Customer funds in question; royal return - 05:44
Still cashing in? Hirst retrospective
Still cashing in? Hirst retrospective - 02:32
World's biggest car delivery center
World's biggest car delivery center - 02:41
FACTBOX: Titanic the movie sails again
FACTBOX: Titanic the movie sails again - 02:20
Trading at Noon: Wall St. down on lost hope for stimulus
Trading at Noon: Wall St. down on lost hope for stimulus - 02:48
Draghi holds rates, offers caution
Draghi holds rates, offers caution - 01:50
Breakingviews: Gun bubble redux
Breakingviews: Gun bubble redux - 02:51
Yahoo cuts 2,000 jobs
Yahoo cuts 2,000 jobs - 01:15
Easter egg panic in eastern Europe
Easter egg panic in eastern Europe - 01:28
Wealth Strategies: Equity rally has 3 years left in cycle
Wealth Strategies: Equity rally has 3 years left in cycle - 06:05
Congressional insider trading ban
Congressional insider trading ban - 01:17
Gas prices no detour for car buyers
Gas prices no detour for car buyers - 02:13
Demand for fuel-efficient cars will outlast spike in gas prices
Demand for fuel-efficient cars will outlast spike in gas prices - 02:36
Most engines of growth are in emerging markets : Nissan CEO
Most engines of growth are in emerging markets : Nissan CEO - 05:39
U.S. Day Ahead: GAP set to shine with same store sales
U.S. Day Ahead: GAP set to shine with same store sales - 01:59

Putin says shares Russians' economic pain

Thursday, April 14, 2016 - 01:39

The situation in the Russian economy has not been solved and the government expects a 0.3% fall in GDP this year, according to the country's president. But, as Sonia Legg reports, there was plenty of optimism in Vladimir Putin's annual televised phone-in.

▲ Hide Transcript

▶ View Transcript

Vladimir Putin has plenty of fans at home as this cafe in Siberia illustrates. It's dedicated to his life - you can even shake hands with him - well almost. The real Putin has been embracing the public from Moscow. With the economy dominating his annual phone-in. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT VLADIMIR PUTIN, SAYING: "I hope and I am almost sure that this crisis is temporary and that as markets become filled with locally-produced food products prices will start going down." Russia's economy shrank by 3.7 percent last year, thanks to falling oil prices and sanctions imposed by the west over Ukraine. Putin sees growth returning next year and said the method of economic stimulus favoured by many outside Russia was not for him. (SOUNDBITE) (Russian) RUSSIAN PRESIDENT VLADIMIR PUTIN, SAYING: "The most important thing is not to print money, but to change the structure of the economy. That's very complicated, but we are moving in the right direction as recent signs of increased industrial output show." Putin wants to reduce Russia's reliance on its natural resources. But it's increasing isolation is a problem for many. (SOUNDBITE) (English) COMMERZBANK, GLOBAL FINANCIAL ECONOMIST, PETER DIXON, SAYING: "There really appears to be a problem in the sense that Mr Putin is not communicating with the rest of the world in a way which makes for constructive engagement then as long as that remains the case then the sanctions will remain in place and the Russian economy will continue to suffer despite what Mr Putin tells his clientele at home." Putin also promised to spend on potholes and medicine. Welcome vows perhaps - but possibly not a cure for all Russia's complaints.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Putin says shares Russians' economic pain

Thursday, April 14, 2016 - 01:39