The country’s GDP is now on track to decline by just 3% in 2022, versus the 7% projected earlier, Alexey Kudrin said Russia’s economic contraction is now expected to be much smaller than previously thought, according to Alexey Kudrin, the head of the Accounts Chamber and former finance minister. He told RT on the sidelines of the INTOSAI Congress on Thursday that “the situation is actually turning out better than originally thought.” Kudrin explained that “the unprecedented sanctions that were introduced against Russia, of course, affect our economy, and initially it was predicted that GDP would fall by more than
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