Russian economy faces biggest crisis in 50 years - president

Ukrainian President Volodymyr Zelensky said this in a nightly video address, Ukrinform reports.

"The Russian economy found itself in the biggest crisis in the last 50 years. The world severs ties with Russia. The words "collapse", "deficit" and "poverty" will be the description of Russian life as long as this state wants to be a terrorist state," Zelensky said.

He added that Russia lost more than 35,000 soldiers, "and this is a conservative estimate."

"What is all this for? For the sake of insane propagandists to be able to show a Russian or Soviet flag on the ruins somewhere in their broadcasts... There is simply no other answer," he said.

Zelensky noted that "it is clear to everyone in the world – and, I am sure, to all the sane people in Russia itself – that Ukraine will win."

"It's only a matter of time. It is a matter, unfortunately, of the losses we suffer, primarily of people. It is a matter of modern weapons, which we must get and will definitely get," he said.

Photo: President's Office