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Friday, 19 December 2014 - 12:56
Putin says his grip on power is firm and economy will rebound
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President Vladimir Putin vowed) that Russia would rapidly recover from its financial crisis and said his grip on power was firm, even as new Western sanctions and a run on the rouble pile on the pressure.

The Russian strongman, who is locked in a confrontation with the West, showed no willingness to change tack on Ukraine and dismissed the possibility of the country's elite turning against him.

He said Russia would adjust to low oil prices, but he gave no recipe for turning the economy around.
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