BEIJING, April 18 (Xinhua) According to Sputnik news agency & radio, on the 18th local time, Russian President Vladimir Putin said that the main negative factor of Russian economy is the pressure of western sanctions, and Russia has withstood this pressure, and the economic blitzkrieg launched by the west against Russia has failed.

　　According to the report, Putin said at the Russian social and economic conference that western countries tried to destroy Russia’s financial market through economic sanctions, causing market panic, disintegrating the Russian banking system and causing a shortage of domestic goods in Russia.

　　But he said, "We can confidently say that this policy against Russia has failed and the strategy of economic blitzkrieg has failed."

　　Putin also said that sanctions also have an impact on the sponsors themselves. "I mean the increase in inflation and unemployment, the deterioration of economic performance in the United States and European countries, the decline in the living standards of European people and the depreciation of savings."

　　After Russia announced a special military operation in Ukraine on February 24, the United States and the West announced a series of large-scale sanctions against Russia, involving economic, energy and other fields. Russian officials have also taken a series of anti-sanction measures.