He made this statement in an interview with The Sunday Times.
According to him, the UK "lost stability" due to Russia's actions in Ukraine.
“This is a recession marked “Made in Russia”, and we need to restore stability in order to take the first step towards growth,” TASS quoted the minister as saying.
The Prime Minister of the United Kingdom, Rishi Sunak, stated that the UK is going through a deep economic crisis.
According to the Financial Times newspaper, the British economy entered a recession phase in October amid rising energy prices, interest rates and political instability.