Russian President Vladimir Putin attends a meeting with the residents of Anadyr, Chukotka region, Russian Far East, Jan 10, 2024. (KREMLIN POOL PHOTO VIA AP)

MOSCOW – Russia has demonstrated that it is a self-sufficient country in every respect, Russian President Vladimir Putin said on Wednesday.

"The main idea that we proved to ourselves and the whole world is that Russia is a self-sufficient country in every sense of the word," the Kremlin quoted the president to be saying at a meeting with the local residents of Anadyr, the capital of Russia's Chukotka Autonomous Area.

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"Even Europe's leading economies are undergoing difficult times," Putin said. 

While Russia's economy is growing, European economies are experiencing a decline, he added.

Putin said that Europe's dependence on Russia turned out to be stronger than Russia's reliance on Europe.

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Russia remains a strong country that continues to look forward with confidence, the Russian leader said, adding that this was one of the most important results of the past year.