Putin says economy is being "systematically" restructured.
Putin says Russian IT exports have doubled over last five years to $7 billion.
“Judging by the address, the only thing really growing in the country is Kadyrov’s beard.”
Putin notes that the percentage of civilian production by defense industries is increasing despite state rearmament orders.
Putin says defense industries have grown and productivity has improved substantially.
Putin says that agricultural production increased in 2016 and will grow further next year.
“Everything is fine!”
Putin says Russia's countersanctions against the West have helped domestic industries but that won't last forever.