Russia finished fourth at the 2012 London Olympics with 24 gold, 25 silver and 33 bronze medals.
It's seen as a mediocre result in Russia since this is the first time the nation has finished outside the top three.
Still, Putin said there are many positives for the Russian people.
“If you look at our result at the 2008 Olympics – we took third team place there, but the number of medals we won in London is greater than in Beijing,” Putin said, according to RT.com. “So this is, for sure, an improvement.”
Russian athletes won an extra gold, and 10 more overall, compared to Beijing.
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