Russian President Putin Delivers Annual Address to Russia's Federal Assembly (VIDEO)

CNBC: Putin promises hard cash, tax breaks and mortgage relief for families with more children

* Russian President Vladimir Putin wants to promote family support schemes in his country.
* Mortgage relief, tax breaks and cash payments are being promised to encourage bigger families.
* A promise to end a shortage of childcare at nurseries by 2021 was also made.

Russian President Vladimir Putin has promised tax breaks, mortgage relief and hard cash to support Russian families who produce more children.

Putin used his televised State of the Nation address on Wednesday to outline several measures he claimed would improve living conditions. Focusing on families, the leader said the first way to improve incomes was to reduce to the tax burden.

"The principle should be very simple — the more children you have the less tax you should pay," said Putin.

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Russian President Putin Delivers Annual Address to Russia's Federal Assembly

Vladimir Putin's State of the Nation Address -- TASS
Putin's annual address to Russia's Federal Assembly as it happened (Live Updates) -- RT
Live Blog: Putin's State-Of-The-Nation Address As It Happened -- RFE
The Highlights of Putin’s Federal Assembly Address -- Moscow Times
Putin, faced with ratings slump, offers Russians financial sweeteners -- Reuters
Putin vows retaliation if U.S. 'deploys missiles in Europe' -- CGTN
Russia’s reserves fully cover nation’s internal & foreign debt for 1st time ever – Putin -- RT
Five Takeaways From Putin's State-Of-The-Nation Address -- RFE