Putin: the fall in oil prices affected the Russian economy
MOSCOW, December 14 — RIA Novosti. Russian President Vladimir Putin said that Western sanctions affect the Russian economy, but not as much as the fall in oil prices.
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Speaking about the growth of the economy, the President noted that it is based on overcoming two well-known shocks that occurred in 2014-2015. “This sharp drop in energy prices, and from there, as you know, we received — and largely still get the basic budget revenues. And, second, external constraints, or so-called sanctions,” Putin said at his annual press conference on Thursday.
“I confidently say that sanctions had no effect, as the decline in oil prices, but still affected. We can talk about this later more in detail to talk about,” the President added.