All right, Alexander, let's do an update on the Russian economy and how things are going in Russia.

We have, we're almost at the 18th sanctions package of the EU, Slovakia.

That keeps on vetoing it, but even Fizzo said that eventually he will not be able to veto the package anymore.

And we are going to get the 18th sanctions package.

And of course, we have Trump's threats of 100% tariffs on Russia and on countries

trading with Russia, China, India, Turkey, Brazil, etc.

And the Russian economy, the Russian economy, which continues to grow,

but my sense of things is that it is slowing down. That's just my sense of things as I see

them in Moscow.

And it does appear that the global situation, the global economic situation does have an effect on Russia.

I mean, Russia is not completely isolated from everything that's happening in the world.

You do have the economy slowing down. You do have very high interest rates.

As in everywhere, every country in the world is going through this. You have an inflation problem.

Russia has no difference than Greece or Cyprus or anywhere else I've been to in Europe.

And there are a lot of worries, I think, about the future outlook of the Russian economy.

The Russian economy, say, in six months to one year's time, can it continue to function in a very

unstable and chaotic global economy coupled with the pressure

of sanctions. What are your thoughts on this?

Right. There's a lot of things to say here. First of all, I think that we need to understand

where the Russian economy is and why what has happened has

happened. And a lot of this relates to macroeconomic policy and the policy of the Russian

central bank and of the finance ministry and by the way of the president of Russia, Vladimir

...