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
Terrorists release video of kidnapped palace servant in Zamfara In a video, a servant of…
Man who has lived in America for over 13 years says he’s tired, wants to return home After…
May Day: A'Ibom gov increases minimum wage to N40,000 Governor Bassey Otu of Cross River State…
El-Rufai ignored us for 8 years, Kaduna NLC praises Gov Sani The Chairman of the Nigeria Labour…
Umahi replies Obi over Lagos-Calabar coastal project criticism The Minister of Works, David Umahi has said…
Appeal court takes over NURTW case as NIC withdraws The National Industrial Court has withdrawn…