The event has been an annual ritual of his presidency. But this year, coming in the wake of Russia's annexation of Crimea and amid Moscow-backed turmoil in eastern Ukraine, it had more ominous -- and global -- overtones as Kremlin-watchers tuned in for clues to Putin's intentions.
So what did we learn? In the latest Power Vertical Podcast, we discuss the Putin show and what it shows about the Kremlin leader's thinking.
Joining me are co-host Mark Galeotti, a professor at New York University, an expert on Russia's security services, and author of the blog "In Moscow's Shadows," and Sean Guillory of the University of Pittsburgh's Center for Russian and Eastern European Studies and author of "Sean's Russia blog."
Listen to or download the podcast above or subscribe to "The Power Vertical Podcast" on iTunes.