“We predicted the economy was about to collapse, we predicted years of deficits, years of suffocation for Russia, and now the latest IMF growth forecasts tell us just the opposite.

Not only will Russia not fall into recession, but its growth in the next two years will be higher than that of the EU or the US,” Pujadas said.

According to him, the Central Bank of Russia and the Russian government have taken a number of measures to avoid panic and stabilize the ruble.

President Vladimir Putin called the task for 2023 to maintain a positive trend in the development of the economy.

According to the IMF, in 2023 the Russian economy will increase by 0.3% of GDP, which is 2.6% better than the forecast for October last year.