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Putin's State of the Union Address addresses four priority tasks in Russia's economic construction and claims that GDP should reach 3%.

At 12 o'clock on February 20, local time (at 17 o'clock in Beijing time), Russian President Vladimir Putin delivered a 2019 State of the Union address to the Federal Conference at the Moscow Commercial Exhibition Center. A total of 761 journalists were interviewed and reported from the site. Annual State of the Union address.

According to Russia's (RT) report on February 20th, Putin explained the four priorities of Russia's economic construction in his State of the Union address.

Russia's four priorities in economic construction are: increasing labor productivity, increasing non-material exports; improving the business environment; removing economic restrictions; and cultivating talent, Putin said.

Putin said that we need high economic growth rates. This is the only way to overcome poverty.  

The report said that Putin also stressed that Russia's economic growth rate should exceed 3% in 2021.

According to the report, according to the Russian Constitution, the President of Russia will issue a State of the Union address to the Federal Conference every year. The State of the Union Address is considered to be a programmatic document that can reflect the policy objectives of the Russian leadership and the prospects for the future development strategy.

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