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Russian President Vladimir Putin gives his annual address to a joint session of parliament and the government at the Kremlin on December 1.
Russian President Vladimir Putin gives his annual address to a joint session of parliament and the government at the Kremlin on December 1.
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Live Blog: Putin Addresses the Nation

Russian President Vladimir Putin has given his annual address to a joint session of parliament and the government in the Kremlin.

-- In his annual address to a joint session of parliament and the government in the Kremlin, Russian President Vladimir Putin has said the country is ready to overcome the difficulties and problems it is facing.

-- Putin praised improvements in high-tech medical services around the country, but said that "problems in health care remain."

-- Putin said domestic issues, including lack of competition, were not the main problem hampering the country's economy. He also said the government will provide direct assistance to industrial sectors that need it.

* NOTE: Times are given according to local time in Moscow (GMT/UTC +3)

09:52 1.12.2016

Putin says domestic banking sector has reduced Russian business dependence on foreign loans.

09:52 1.12.2016
09:54 1.12.2016
09:57 1.12.2016

Putin speaking in detail about improving the banking system and access to credit.

09:58 1.12.2016

Putin calls for developing high-tech sectors.

10:01 1.12.2016
10:01 1.12.2016

Putin has now been speaking for one hour.

10:03 1.12.2016
10:04 1.12.2016

Putin says athletic doping scandal in 2016 has enabled the country to improve its monitoring systems.

10:04 1.12.2016

Putin says Russia is "sincerely ready" to help in solving international problems and doesn't want any problems with other countries. "We are not looking for enemies. We need friends."

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