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Russia was on the verge of an economic collapse once sanctions were imposed, but Vladimir Putin managed to avert the crisis, according to the top Kremlin adviser.
Putin’s spokesman Dmitry Peskov said: “There was a threat of a collapse, we really had to mobilize all resources and internal forces in order to prevent this collapse.”
Peskov also noted that the Russian economy was then hit by the burden of unprecedented sanctions.
He added: “No country in the world has ever faced, and theoretically no country in the world is able to withstand such a blow.”
The problems started about two years after the COVID-19 pandemic, which Peskov said crippled the Russian economy.
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And the economic sanctions imposed by countries like the United States didn’t help matters.
But, thanks to Putin’s leadership, Russia was able to overcome it.
He continued: “Thanks to the rather insightful and wise decisions of the country’s leadership, thanks to the titanic work of the government, it was possible to reach a plateau, stabilize [the economic situation] and then, in an absolutely unexpected way, enter a growth trend.”
In his opinion, everything was done for this purpose, but one could have hardly imagined that the current growth of the Russian economy now would be almost three percent and not two percent, as the European Commission predicted.
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Peskov credited the Russia leader for Russia’s ability to recover.
Peskov added: “Now, of course, the task is to maintain these growth rates, as three percent is an insufficient growth rate.
“It must be higher, everyone understands this, we need to compensate for many gaps.”
Putin himself this week predicted Russia’s economy would experience a growth this year when he addressed a cultural forum in St. Petersburg.
The Russia president said: “We carefully said this all the time: it will be 2.7 percent, 2.5 percent, 2.8 percent. Now we confidently say: it will be over three percent.”
Experts have credited Russian business’s ability to adapt quickly to the new sanction climate for the economy outpacing expectations for 2023.
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