Contact Us

Putin says Russia's economy has not 'collapsed'

President Vladimir Putin declared on Friday that Russia’s economy remains resilient, rejecting Western claims that its economic engine has stalled.

AFP WORLD
Published June 05,2026
Subscribe

The Russian economy has not fallen apart, President Vladimir Putin said at Russia's flagship economic forum on Friday, dismissing Western criticism that his country's economic engine had stalled.

"We, of course, hear criticism from all sides that everything has collapsed... We have descended to the same level at which Eurozone countries have been experiencing growth for the past few years," Putin said, adding that Russia was pursuing a "sovereign" economy.