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Reuters
Reuters
Business

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

Kremlin Russia Moscow
FILE PHOTO: Kremlin spokesman Dmitry Peskov attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 4, 2021. REUTERS/Evgenia Novozhenina/File Photo

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.

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