Let's take a look at what the media outlet considers the worst-case scenario: Obama's "unrealistic dream" came true and Russia was economically isolated from the rest of the world. Even then "the country would have survived," Czech Free Press noted, citing the pre-WWII period as an example.
In Russia's case, a contracting GDP does not necessarily mean crisis.
What is truly happening, according to the news website, is the following: Russia is exporting and producing less due to "senseless" anti-Russian sanctions the West introduced following the outbreak of the Ukrainian civil war and low oil prices.
This situation could have been tough for smaller countries which generate revenue primarily through export and don't want to import what they need by borrowing money. This is not Moscow's case.
"Russia's economy is undergoing a process of complete reorganization which involves a pivot to Asia in term of its external trade and new priorities in domestic production," Czech Free Press observed. It follows then that the country could let its GDP temporarily shrink.
The media outlet suggested that those who think that Russia's economy is in trouble should take a closer look at the United States' debt standing at 150 percent of GDP.