Putin's Stance on Kursk and Economic Challenges

In his annual press conference, Russian President Vladimir Putin addressed the ongoing conflict in the Kursk region, where Ukrainian forces have gained a foothold. Despite Russia's attempts to regain control, the military struggle remains arduous. Putin assured that the region will be retaken, though he could not provide a timeline for this outcome.

The Russian economy, despite facing significant Western sanctions, has shown resilience according to Putin. He projected a GDP growth of up to 4% for 2024, citing relatively stable economic conditions. However, he acknowledged the challenges posed by high inflation rates nearing 9% and a steep central bank interest rate of 21%. The devaluation of the ruble and rising prices, especially in food, remain pressing concerns for the Russian populace.

Amid these economic and military challenges, Putin proposed a missile trial with the United States, highlighting Russia's new hypersonic missile, Oreschnik. He claimed it was immune to U.S. missile defenses, suggesting a demonstration to prove its capabilities.

Furthermore, Putin touched on global political dynamics, expressing readiness to meet with Syrian leader Bashar al-Assad and U.S. President-elect Donald Trump. He also reiterated Russia's military objectives in Syria and discussed the potential use of military bases for humanitarian aid.

Overall, Putin's conference was marked by a mix of assertive military posturing and cautious economic optimism, underlined by domestic and international pressures.