The sanctions imposed by the West after Russian invasion of Ukraine, including freezing of the Central Bank reserves and the mass departure of foreign companies, were a surprise for President Vladimir Putin.
The risks that the economy faced in 2022 “arose largely unexpectedly,” Putin said on Tuesday at a meeting with government members.
“We did not know and did not understand them, and yet, we went through them,” the president admitted, clarifying what “financial, budgetary, structural and logistics” risks.
We worked very worthy, ”Putin praised himself and ministers, adding that the next year will be“ better ”in terms of risks for the economy.