Putin to address Russian parliament

The following are highlights from Russian President Vladimir Putin's annual address to parliament on Wednesday. The highlights will be continuously updated throughout the speech.

ON WELFARE

"Thanks to many years of collective effort and the results we have achieved we can now invest... colossal, at least for our country, financial resources in (Russia's) development. No one has handed them to us, we did not borrow them - these funds are created by millions of our citizens... they (the funds) should be used... to increase the wellbeing of Russian families."