Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Putin says no Iron Curtain will close off Russia's economy

FILE PHOTO: Russian President Vladimir Putin chairs a meeting on economic issues via a video link at the Novo-Ogarevo state residence outside Moscow, Russia June 7, 2022. Sputnik/Mikhail Metzel/Kremlin via REUTERS

President Vladimir Putin said on Thursday that no Iron Curtain would fall over the Russian economy despite the sanctions imposed by the West because Moscow would not close itself off from the world like the Soviet Union did.

The sanctions imposed on the West over Russia's invasion of Ukraine have tipped Russia, one of the world's biggest producers of natural resources, towards the biggest economic contraction since the years following the 1991 fall of the Soviet Union.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.