President Barack Obama in Nordea Concert Hall
President of the United States of America Barack Obama came to Estonia. Among other things he gave a speech in Nordea Concert Hall.
"Fifth -- we must continue to stand united against Russia’s aggression in Ukraine. (Applause.) Keep in mind that, repeatedly, President Putin has ignored the opportunity to resolve the crisis in Ukraine diplomatically. The United States, the European Union, our partners around the world have all said we prefer a diplomatic solution. But in light of Russia’s unwillingness to seize that opportunity, we have come together to impose major sanctions on Russia for its actions. And make no mistake, Russia is paying a price. Capital is fleeing, foreign investment is plummeting -- because investors know that today’s Russia is a bad bet, given its behavior. The Russian economy has slipped into recession. Its energy production -- which is the engine of the Russian economy -- is expected to drop. Its credit rating is near junk status. The ruble just fell to an all-time low. In short, Russia’s actions in Ukraine are weakening Russia. Russia’s actions are hurting the Russian people."