Obama says Putin presiding over economic contraction: CNN interview

Reuters

Published Dec 21, 2014 08:13AM ET

Obama says Putin presiding over economic contraction: CNN interview

WASHINGTON (Reuters) - U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis.

Obama, in an interview with Candy Crowley on CNN's "State of the Union" program rejected the notion that Putin "is the chess master and outmaneuvering the West and outmaneuvering Mr. Obama and this and that and the other."

The United States and Europe have imposed a series of economic sanctions on Russia.

"And right now, he's presiding over the collapse of his currency, a major financial crisis and a huge economic contraction," Obama said in the interview, which was recorded on Friday.