“Recent events have convincingly shown that the image of the West as a safe haven, a refuge for capital, is a phantom, a fake,” Putin said.
No ordinary citizens felt sympathy for those who lost money in foreign banks or were forced to give up their yachts and palaces abroad, Putin said, remembering Russia’s 1990s privatization drive that saw state businesses sold for next to nothing and the “ostentatious luxury of the so-called new elites.”as a result of the conflict in Ukraine and said it was dangerous for Russian firms to be dependent on the West.
Russia’s federal statistics service Rosstat on Tuesday estimated the country’s 2022 gross domestic product fall at 2.1%, while the central bank put it at 2.5%. Either way, those estimates are a far cry from Moscow’s