A Kremlin spokesperson on Wednesday said that the Russian economy was taking “serious blows” amid sanctions imposed by foreign governments as Moscow continues its attack on Ukraine.
“Russia’s economy is experiencing serious blows,” Kremlin spokesman Dmitry Peskov said during a call with foreign reporters, according to CNN.
“But there is a certain margin of safety, there is potential, there are some plans, work is underway,” he added.
Peskov’s remarks came after a question about a comment made by President Biden during Tuesday night’s State of the Union address.
“Russia’s economy is reeling and Putin alone is to blame,” Biden said in his speech.
The president also asserted that the sanctions in place against Russia thus far contributed to a 30 percent loss in the value of the ruble and to the Russian stock market losing 40 percent of its value in less than a week.
Since Moscow’s invasion of Ukraine, Western countries have imposed harsh sanctions on the country.
Olalekan Ajimoti – Blogger, Content Writer, and Digital Marketer helping brands and retailers build 8-figure e-commerce since 2016.
As a corporate trainer, brand communications expert, and brand consultant, I help people start, stay and grow in business leveraging digital skills and traditional expertise.
