Russian economy in ‘shock’ of unprecedented economic war

© . FILE PHOTO: Kremlin spokesman Dmitry Peskov attends a session of the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia, June 4, 2021. REUTERS/Evgenia Novozhenina/File Photo () – The Kremlin said on Thursday that Russia economy went through a shock and that steps were taken to mitigate the impact of what it described as an “absolutely unprecedented” economic war waged against Moscow. The West has imposed far-reaching sanctions on Russia for its invasion of Ukraine. “Our economy is now experiencing a shocking impact and there are negative impacts, which will be minimized,” Kremlin spokesman Dmitry Peskov told reporters during a conference call. He described the situation as turbulent but said measures were already being taken to calm and stabilize it. “This is absolutely unprecedented. The economic war that has started against our country has never happened before, so it is very difficult to predict anything.” Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (Stocks, Indices, Futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes . Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

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