Vladimir Putin defends Russian conservative values

continued from page 1

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

“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.

In an apparent jab at the U.S., Putin said that Russia is not “seeking a superpower status or trying to claim a global or regional hegemony.”

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.

Putin insisted that foreign-registered companies that operate in Russia and are owned by Russian citizens should be obliged to pay taxes in Russia.

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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus
TWT Video Picks