The Daily Populous

Saturday April 23rd, 2022 evening edition

image for Russian official admits sanctions are crippling the economy as the country grapples with a selloff and mass shortages

The frank assessment of Russia’s economic problems contrasts sharply with political attacks launched against the current U.S. administration for a sanctions policy that failed to force Vladimir Putin to the negotiating table.

Presenting the CBR’s annual report to parliament this week, Nabiullina painted a picture to lawmakers of just how grim the situation was that confronted her.

Without the imposition of strict capital controls, there would have been “a series of defaults and a domino effect” throughout the financial system, she argued.

It doesn't end there, either, not by a long shot, as businesses have flashbacks to what it was like when the coronavirus pandemic hit.

“The sanctions have affected the financial market, but now they will start to impact the real economy increasingly more significantly,” the governor said.

Despite inflation surpassing 9% in February, her monetary policy committee will target a return only back to 4% for 2024.

Nabiullina said this was a natural and inevitable process as supply chains adjust to the sanctions. »

Marjorie Taylor Greene Forced to Watch Famous ‘Independence Day’ Speech Scene in Court

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The famous scene in which the president of the United States, played by Bill Pullman, gives a rousing speech and says humanity will “not go quietly into the night” was played in court.

“And there’s a scene in that movie where the president addresses the fight pilots who are about to go into battle.

It is most likely a misquoting of poet Dylan Thomas’ “Do not go gentle into that good night. »

Jan. 6 Committee Findings Are So Explosive They Will ‘Blow the Roof Off the House,’ Rep. Jamie Raskin Says

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The Jan. 6 committee’s upcoming public hearings will “tell a story that will blow the roof off the House,” Rep. Jamie Raskin (D-Md.)

Raskin, who serves on the committee, said hearings are expected in June, with a comprehensive report about the committee’s findings to be released by late summer or early fall.

The timing and content of the report could aid Democrats in the run-up to the midterm elections. »