The economic sanctions placed on Russia have totally failed. Vladimir Putin reiterated this fact today.
RT:
The expected economic destabilization resulting from the “theft” of Russia’s foreign exchange reserves by the West did not materialize, President Vladimir Putin stated on Tuesday.
According to Putin, the economy has overcome all of the sanctions-related risks and is actually entering a new cycle of economic development.
“There are opportunities for a breakthrough in many areas,” he said, addressing the Federal Assembly in his key annual program speech.
Putin noted that Russia’s GDP in 2022 decreased by just 2.1%, according to the latest data, despite Western projections of a decline of up to 20%.
The government poured in more than 1 trillion rubles (over $13 billion) to support the economy amid the Western sanctions, he said.
“The sanctions have provoked price increases and other problems in the West itself, but they are trying to blame Russia for everything,” Putin stated.
It is hard to state just how much of a geopolitical failure this has been for the West. They literally thought that they could wage an economic war on Russia like they’re some type of third world country and not the major power that they are. This debacle just speaks to the general level of incompetence and idiocy that exists within the echo chambers of Western power centers.
This was largely their own doing. They either fired or ignored any people who expressed contrary opinions and this is the end result.
