Russia Has Withstood ‘Economic Blitzkrieg,’ Citizens Must Prepare for Inflation and Unemployment: Putin

Russian President Vladimir Putin chairs a meeting with members of the Security Council via teleconference call at the Novo-Ogaryovo state residence outside Moscow, Russia on March 3, 2022. Andrey Gorshkov/Sputnik/AFP via Getty Images

President Vladimir Putin is claiming that Russia has survived widespread international economic sanctions following Moscow’s invasion of Ukraine, but he admitted that the country will see rising inflation and unemployment in the future.

Putin defended the military action in a televised government meeting March 16 and called on Russian citizens to “mobilize” to face the economic consequences,” The Moscow Times reported.