Live Blog: Putin Addresses The Nation

Key Points:

-- The speech is over. Vladimir Putin's 2015 address to members of the Federal Assembly lasted almost exactly one hour.

-- Putin said Russia will not forget Turkey's action in shooting down a Russian military jet and that Turkey will regret what it did. He said Russia's response will not be limited to trade sanctions.

-- Russia’s army is fighting in Syria predominantly for the sake of Russia and the Russian people, Putin said.

-- Russia is interested in business cooperation with international partners, despite the sometimes complicated circumstances, Putin said.

-- On Russia's troubled economy, Putin said Russia will balance the country's budget and strengthen trust between government and business.