Putin announced the unworked "economic blitzkrieg" of the West

According to Putin, RUSSIAconfidently copes with external pressure and "financial and technological aggression",including promptly implementing protective measures Vladimir Putin

The “economic blitzkrieg” tactic that the Western countries tried to implement against Russia did not work, President Vladimir Putin said at a meeting with government members on economic issues.

“I want to emphasize again that Russia is confidently coping with external pressure, and in fact, one might say, with financial and technological aggression from some countries. The tactics of the economic blitzkrieg, the onslaught they were counting on, did not work, this is already obvious to everyone, and for them too, ”Putin said.

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He stressed that Russia promptly implemented protective measures, including launching support for key industries and backbone enterprises, as well as small and medium-sized businesses. “All of them are aimed at maintaining employment and jobs, at providing targeted assistance to our citizens and, above all, families with children, pensioners,” he explained.

Putin praised the failure of the "economic blitzkrieg" of the West in the words of Mark Twain Politics

As a result, Russia managed to prevent a sharp decline in the economy and stabilize inflation, the president stressed. “There is every reason to expect that by the end of the year inflation will be about 12%,” Putin added.

The President has previously mentioned that the "sanctions" and "economic blitzkrieg" of the Western countries did not bring the results they had hoped for. At the same time, he noted that their actions still cause damage to the Russian economy and many risks still remain.

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“We understand that we need to put forward additional resources to support individual industries, we understand that in the current situation the most correct solution is to de-bureaucratize the economy, create conditions for growth for new industries based on newly created logistics chains.

In this regard, he noted that he was counting on the growth of small and medium-sized businesses, as well as the emergence of new leaders within Russia.