He noted that a lot has been done as a result of the actions of the Central Bank and the timely measures taken by the government, which were supported by the parliament.

“And the so-called blitzkrieg that our ill-wishers conceived against Russia, the economic blitzkrieg, of course, failed,” the Russian leader said.

At the same time, Putin drew attention to the fact that sanctions from the West are damaging the Russian economy and many risks still remain.

He noted that government leaders, heads of ministries and departments should closely monitor the situation and not be superficial about these risks.