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Vladimir Putin defends Russian conservative values
Question of the Day
“Expanding the potential of strategic non-nuclear precision weapons along with developing missile defense systems could nullify all earlier nuclear arms reduction agreements and upset the strategic balance,” Putin said. “Russia will respond to all those challenges, both political and technological. No one should have an illusion that it’s possible to achieve a military superiority over Russia.”
He boasted about the nation’s nuclear arsenal, saying that foreign powers will have to catch up with the level of new Russian nuclear weapons.
A day earlier, a senior Russian official warned that Moscow reserves the right to use nuclear weapons in response to a conventional strike.
Russia-U.S. relations long have been strained by a dispute over the U.S.-led NATO missile defense system, Moscow’s rights record, and, most recently, Ukraine.
Turning to economic issues, Putin announced measures to encourage Russian companies that register and pay taxes in offshore jurisdictions to take money home.
“You want to have offshores? Fine. But get the money here,” he said.
For years, many Russian companies registered in countries like Cyprus or Luxembourg to avoid Moscow’s heavy-handed regulation and unpredictable legal and tax practices.
He said that Russian companies registered offshore will not be allowed to bid for state contracts, a major source of income for many Russian businesses.
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