Russian Economy Is Experiencing A Shock From Unprecedented Economic War – Kremlin Laments

The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an “absolutely unprecedented” economic war being waged against Moscow.

The West has imposed sweeping sanctions against Russia over its invasion of Ukraine.

“Our economy is experiencing a shock impact now and there are negative consequences, they will be minimised,” Kremlin spokesman Dmitry Peskov told reporters on a conference call.

Russian Economy Is Experiencing A Shock From Unprecedented Economic War - Kremlin Laments 2 — Debris is seen on site of the destroyed Mariupol children’s hospital as Russia’s invasion of Ukraine continues, in Mariupol, Ukraine, March 9, 2022 in this still image from a handout video obtained by Reuters. Ukraine Military/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.

He described the situation as turbulent, but said that measures to calm and stabilise it were already being taken.

“This is absolutely unprecedented. The economic war that has started against our country has never taken place before. So it is very hard to forecast anything.”Photo Credit: Getty

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The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an “absolutely unprecedented” economic war being waged against Moscow.

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