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Russia’s Economy Is “Going to Hell,” Trump Says as Kremlin Tries to Deny Collapse

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Russia’s Economy Is “Going to Hell,” Trump Says as Kremlin Tries to Deny Collapse
US President Donald Trump on July 22, 2025. (Source: Getty Images)

US President Donald Trump escalated his criticism of Moscow, saying Russia is “killing people for no reason” and that its economy is “going to hell,” comments made at a press conference held in the White House on September 25.

“They’re doing very poorly considering they have put it all on the line. Their economy is going to hell. They’re bombing the hell out of everything and picking up very little territory… I think it’s very bad for the reputation of Russia,” Trump told reporters, adding he was “very disappointed in [Vladimir] Putin.”

The comments followed Trump’s earlier characterization of Russia as a “paper tiger” and his assertion that Ukraine, with European support, could “fight and win all of Ukraine back in its original form.” The Kremlin dismissed the remarks.

“Russia is in no way a tiger… Russia is more compared with a bear. There are no paper bears,” spokesman Dmitry Peskov said, while insisting Russia maintains “macroeconomic stability” and is continuing its campaign in Ukraine.

Vice President JD Vance said the president’s tone reflects battlefield realities rather than a policy reversal. “This is not a change in position. This is a recognition of reality on the ground,” Vance said.

Zelenskyy, in a Fox News interview this week, said he was “a little bit” surprised by Trump’s suggestion that Ukraine can regain all occupied territory, calling it a “very positive signal.”

Earlier, it was reported that Trump is preparing to impose new, stricter sanctions on Russia, including tariffs targeting its oil and financial sectors.

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