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

Authored by reuters.com and submitted by joesoldlegs
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March 10 (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.

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."

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Reporting by Reuters; editing by Guy Faulconbridge

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CataclysmDM on March 11st, 2022 at 02:46 UTC »

Apparently not enough to back the fuck off out of Ukraine.

AvengingDoorknob on March 11st, 2022 at 01:20 UTC »

Imagine being in shock from constant bombarding and shelling of civilian targets, including children's hospitals. It's a bit more shocking, don't you think?

ogurzhov on March 11st, 2022 at 01:13 UTC »

*special economic operation