Vladimir Putin has put Russians on notice for a long winter, warning of extended economic weakness and the need for further belt-tightening.
“The Russian economy has passed the peak of the crisis — not the crisis, but the peak of the crisis,” Mr Putin told hundreds of reporters on Thursday, in a marked departure from his earlier insistence that the country — while facing difficulties — was not in crisis.
The Russian president delivered his assessment during a wide-ranging, end-of-year press conference that featured a burst of admiration for Donald Trump and another slap at Turkish president Recep Tayyip Erdogan.
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