Kremlin Admits That Russian Economy Is In 'Shock' After Sanctions

 

Reuters: Russian economy in 'shock' from unprecedented economic war - Kremlin 

(Reuters) - 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. 

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WNU Editor: The true impact in Russia of these sanctions are only going to be felt a few months from now. Even if the war ends today and sanctions immediately removed, the impact of this war is going to be felt for years. 

Kremlin Admits That Russian Economy Is In 'Shock' After Sanctions  

Kremlin says Russian economy in 'shock' after sanctions -- The Hill  

Russia Says Economic Situation Is Unprecedented -- WSJ  

Kremlin could interpret West's sanctions as war declaration: expert -- Business insider

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