In a year-end news conference before Russian and foreign media, President Vladimir Putin predicted Thursday a recovery in two years despite a looming recession, crashing ruble and growing fears about the financial instability. "Rates of growth may be slowing down, but the economy will still grow and our economy will overcome the current situation," Putin said. "I believe about two years is the worst-case scenario. After that, I believe growth is imminent." He said the West is demanding too many concessions from Russia. "They are trying to chain the bear. And when they manage to chain the bear, they will take out his fangs and claws," he said. "This is how nuclear deterrence is working at the moment."
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