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