• Putin blames the West for the decrease in GDP due to sanctions.
• Praising Russian entrepreneurs for their work supporting the state.
• It was his first speech to the business community since the start of the War.

Vladimir Putin, the president of Russia, has claimed that the West has attacked his nation with “sanctions war,” which he attributes to the decrease in GDP.

“It was 4.7% (GDP drop) for well-known reasons, as you know — the sanctions war, the unprecedented challenges from the global economy and in the system of international relations,” Putin said. “These problems, as you know, were not created by us.”

His remarks were made during the Russian Union of Industrialists and Entrepreneurs’ annual convention; it was his first speech to the business community since the start of the Ukrainian War.

He continued by inviting business leaders to contribute to the creation of a new Russian economy and praising them for their work supporting the Russian state and saying that Russia was changing its economy in the direction of nations that had not imposed sanctions.

“Russian entrepreneurs always have — in the pre-Revolutionary era, in the last decade — played a big constructive role in Russia, undertaking great responsibilities in developing new territories, social protection, and charity. And (they) have always been rightly proud of this. They have been the pride of our country,” Putin said.

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