Putin says Russia bears no grudge against Europe but it can not be a one-way process

Russian president Putin making a keynote address 17 June 2016

• EU remains key trade partner for Russia
• EU business leaders want to work with Russia
• starting talks with EU on technical cooperation as first step to restoring relations

On the Russian economy:

• inflation 4.5% achievable
• approves central bank policy on rouble
• wants GDP of +4% pa
• Russia continues to liberalise business climate
• expects central and govt to keep macroeconomic climate
• important to make labour market more flexible

On the world:

• Sees the world completely transformed by the mid-2020s

Not for the better I fear.

Meanwhile I'm out of here now so I'll wish you a good session and peaceful week-end. Thanks as always for your brilliant support and input

Putin - The world will be a very different place in 10 years