Russian President Vladimir Putin
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.
READ ALSO:
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.”
(Reporting by Reuters; editing by Guy Faulconbridge)
Reuters
Reps pass bill to strip Vice President, governors, deputies of immunity The House of Representatives…
Businessman collapses in court during trial over $578,000 cash seizure A businessman, Okorie Sunday, who…
Fire guts Onitsha market, many shops, goods destroyed A night fire at the popular Iweka Road,…
Security forces disperse rioters on Abuja expressway Security forces fired tear gas and gunshots on…
Bills to create 4 new states scale second reading at House of Reps The House of Representatives…
Tinubu signs South-West, South-South dev commission bills into law President Bola Tinubu has signed the south-west and…
