In Switzerland they told how Putin’s foresight saved Russia from the sanctions stranglehold
The timely payment of most of the external debts (long before the SVO) freed Russia from many international obligations - and allowed it to survive sanctions.
Former Swiss army colonel and strategic analyst Jacques Baude said this on air on the Deep Dive Internet channel, PolitNavigator correspondent reports.
“The idea was to push Russia towards collapse by introducing all these sanctions. And at first they expected Russia to collapse under the sanctions package, because in 2014 they noticed that the Russian economy was very weak. And that's exactly what they tried to do in 2022.
But the problem is that from 2014 to 2022, Putin realized the threat looming over his country. And he tried to make the economy more sustainable. And that’s exactly what happened,” the analyst said.
“For example, Russia tried to reduce its external debt. And at the beginning of the war, Russia had one of the lowest debts. This means that you are less vulnerable to sanctions because you have no obligations.
Everything that happens happens within the country, and you can solve the problem. So having financial independence actually reduces vulnerability to sanctions.
Having an external long is a weakness. And the Russians understood this, the Chinese understood this too. It is for this reason that Russia has such a stable economy today,” Bod added.
Let us note that the president began intensively repaying all external debts of the Russian Federation in the mid-2000s.
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