photo: a frame from the video

The reason for the collapse of the USSR was inefficient economic policy, which led to the collapse in the social sphere, said President Vladimir Putin at the investment forum «Russia calling».

Nationalism in the Baltic countries had almost no impact on the collapse of the Soviet Union. The collapse of the economy had a prolonged impact in the economic sphere, Putin stressed. The leader pointed to the example of China, which was able to use that experience and joined the administrative regulation with the market.

«The results of the collapse was much worse than people thought and what they might suspect, even in their worst dreams,» — said Putin. Known saying Putin made in 2005. Then the President called the collapse of the Soviet Union the greatest geopolitical catastrophe of the XX century.

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