European Commission President Ursula von der Lane said on Sunday that Western sanctions were increasingly "undermining" the Russian economy and its collapse was "a matter of time", while Austrian Chancellor Vladimir Putin believed he would "win" the war in Ukraine.

Von Der Lane: Western sanctions "undermine" the Russian economy

Von der Lane told the German newspaper BILD am Sonntag: "Week after week the sanctions have a deeper impact on the Russian economy. Exports of goods to Russia have fallen by 70%."

Von Der Lane continued: "Hundreds of large companies and thousands of experts have left the country, and gross domestic product will fall, by expectations, by 11%," noting that "the bankruptcy of the Russian state is only a matter of time," she said.

According to the Russian Ministry of Finance, as of February 1, Russia's external debt totaled $ 59.5 billion, including a debt of $ 38.97 billion in external bond loans. Russia has a total of 15 loans to repay between 2022 and 2047, According to CNN.

Austrian Chancellor reveals Putin's remarks

In another context, Austrian Chancellor Karl Nahmer said on Sunday that Russian President Vladimir Putin believes he will "win" the war he has launched against Ukraine.

He added during an interview with NBC that Putin spoke to him in German at their meeting to warn that he would win the war, adding that "it is better for the war to end sooner rather than later."