Russia’s economy set for growth: Putin

Vladimir Putin, on a drive to boost living standards at the start of a new presidential term, tried to reassure Russians about their economy on Thursday in a live TV question-and-answer marathon.

Putin, who won re-election in March, has since 2001 used the annual phone-in with citizens to cast himself as a decisive troubleshooter on the home front and a staunch defender of Russia’s interests on the world stage.

Putin and his aides say it is an indispensable tool to gauge public sentiment and learn about people’s real problems.

“We are heading in the right direction,” said Putin. “We are on a trajectory of stable economic growth. Yes, it’s modest growth, but it’s not falling.”

Putin told a man who phoned in from the wheel of his truck that he agreed with him that petrol prices were rising too fast. “It’s unacceptable,” said Putin. The Russian central bank forecasts economic growth at between 1.5 and 2 percent this year.

The event has in the past lasted over four hours, with the president fielding questions on subjects as varied as his love life, teachers’ salaries, Crimea and provincial roads.

At last year’s phone-in, the president, now 65, pledged to eradicate spiralling poverty, fielding almost 70 questions in just under four hours.

This year, Putin dispensed with his usual studio audience, fielded text and video questions, and was poised to hand out real-time orders to regional governors, government ministers and state company heads who were shown on giant TV monitors sitting at their desks across Russia waiting for his instructions.

Members of the public had submitted around 2 million questions, state TV reported, many of them visible on a website set up for the event.

Questions posted ahead of the event included whether Putin planned to meet US President Donald Trump this year, whether relations with the West would improve anytime soon, and how he planned to reduce poverty.

This year, he was expected to focus more heavily on domestic issues since he has said the main priority of his fourth term is raising living standards by sharply increasing social and infrastructure spending.

Putin also said that the World Cup kicking off next Thursday must leave a lasting sports legacy in which the new arenas play an integral part.