"Sanctions have not brought Russia's economy to its knees, as many predicted. Russia is not just coping with difficulties, but prospering, gaining more influence and authority in Asia, Africa and South America than it has ever had since the collapse of the Soviet Union, "the publication says.

Journalists note that while Western countries will struggle with energy shortages and inflation, the Russian economy will grow faster than the British or German and may overtake other countries.

Russian Prime Minister Mikhail Mishustin said earlier that the Russian economy has coped with the challenges of the pandemic and unprecedented sanctions.

The International Monetary Fund (IMF) has improved its forecast for Russia's GDP growth this year to 0.7%.