Russian President Vladimir Putin is scheduled to give his annual state of the nation address Wednesday noon.

This is Putin's fifth state of the nation address since he took office in March 2000 and the first one since his reelection in March this year.

Putin had been originally expected to deliver the speech after his inauguration on May 7. But the address was reportedly postponed in the wake of the Victory Day bombing that killed Kremlin-backed Chechen President Akhmad Kadyrov.

Putin would, in his speech, focus on poverty alleviation, Russia's trade deal with the European Union, and the hike of natural resource taxes, the Moscow Times daily reported on Wednesday.

"It'll be more of the same things we've heard over and over this year. I don't expect anything new," Georgy Satarov, director of the Indem think tank, was quoted as saying.

"It's the first big speech of his second term, but they're still at a loss for what the major strategy should be," said Lilia Shevtsova, an expert on the Russian presidency at the Carnegie Moscow Center.

In his address last year, Putin, with an eye to winning a second term, announced ambitious plans to double gross domestic product (GDP), reduce poverty and modernize the army.