On December 19, President Putin spent four and a half hours answering questions on
Itogi Goda (“Results of the Year”), a televised event combining a big press conference and Q&A from citizens. This combined format was used for the first time last year – before that, these two public events took place separately.
Judging by preliminary polls (see
here and
here), Russians were expecting Putin to talk about three main points: new initiatives in domestic and especially economic policy; the defeat in Syria; and especially the outlook for the Ukraine war.
On the first point he said that he was aware of accelerating inflation, but “the overall situation is stable and, let me reiterate, solid.” He added that the Central Bank is to blame for inflation – it “could have used certain instruments other than raising the key rate, more efficiently and at an earlier stage. Yes, the Central Bank started doing it around summer. But again, these experts believe that it could have and should have been done earlier.”
In fact, the “certain instruments” that could really reduce inflation – cuts to fiscal spending and subsidized lending – are in Putin’s hands, not Nabiullina’s. Judging by his view that there should be no limits on low-interest family mortgages, he does not intend to stop pumping money into the economy.
And it will be the meek Central Bank that will have to answer for the consequences. There was no stated warning not to hike rates; but if that fails, Putin has already absolved himself of responsibility.
No one will hold him accountableThe Russian president assigns no blame to himself for the failure of the Syrian gambit. (see
Russia.Post here on how Russian state media covered the collapse of the Assad regime).
Putin’s greatest achievement is that his country never holds him accountable for his failures, like Russia’s military intervention in Syria, which was carried out at his insistence and under his personal leadership.
Assad’s army simply ran away and “our Iranian friends… asked us to help withdraw them.” According to Putin, the situation in Syria is not so bad for Russia: “we maintain dialogue with all groups controlling the situation there and with all regional countries. An overwhelming majority of them have expressed interest in retaining our military bases in Syria.”
Putin rejects responsibility for any fiasco and demonstrates the confidence – quite justifiably – that no one will hold him accountable.
We must take this into account when analyzing what Putin said about the prospects for reconciliation with Ukraine. What he said on
Itogi Goda are the words of a man who knows that he can plan and announce one thing, then accept failure and do it differently and he will not be held accountable for a thing.
Peace without a stop to fightingThis time, Putin’s Ukraine discourse did not include his usual verbose excursions into history, and there were not even any promises to “demilitarize” and “denazify” the country.
Instead of “demilitarization,” he recalled the 2022 Istanbul peace talks, though these treaty drafts entailed the disarmament of Ukraine and its noncooperation with the West. And instead of general words about “denazification,” Putin noted that “there are people in Ukraine who you can talk to, there are many people who are dreaming, together with us, about liberating their country from the neo-Nazi regime.”
A ceasefire and truce along the current front lines, according to Putin, does not suit him, as it would give the Ukrainians time to gather their strength and organize their defense. Still, peace is presented as possible and even desirable, but it must be signed by someone other than Zelensky, whom Putin considers illegitimate.