At his state-of-the-nation address on Thursday, Putin pledged plans to improve living standards in Russia.
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Putin's promises could cost Russia $130 billion more than its current budget, according to analysts' estimates, per Bloomberg.
Putin called on Russians to have more babies last month to "survive as an ethnic group."
Persons:
Putin, —, Vladimir Putin, There's, aren't, Dmitry Polevoy, Putin —, Polevoy
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Service, Bloomberg, Putin, Reuters, London, Astra Asset Management
Locations:
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